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How to calculate fringe benefits

By Zippia Team - Sep. 14, 2022

To calculate fringe benefits, you must add the yearly cost of all benefits and payroll taxes that have been paid and divide that number by the yearly wages paid.

Fringe benefits are benefits that a company or employer gives their workers in addition to their yearly salaries. Here are some examples of fringe benefits:

  • Medical, dental, and vision insurance

  • A company car

  • Educational assistance, such as tuition reimbursement

  • Life insurance

  • Employee stock options

  • Company gym memberships

  • Reimbursements of childcare costs

How to calculate fringe benefits

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