Noncash goods and services that would otherwise have to be paid for in cash by the beneficiary is the definition of

Question

Abagail

Business

7 February, 14:21

Noncash goods and services that would otherwise have to be paid for in cash by the beneficiary is the definition of

+2

Answers (1)

Know the Answer?

Mia Nichols · Answer 1

These are called in kind benefits or benefits in kind. They are benefits which are given to employees or directors from their company. However, these are not included in their salary wages. They are also called perks or fringe benefits and they include things like company cars, medical insurance, and cheap loans.