• Fringe benefits are a form of taxable income given to executive employees that exceed normal employee benefits.

Corporate executives often receive extraordinary fringe benefits that are not provided to other corporate employees. Any property or service that an executive receives in lieu of or in addition to regular taxable wages is a fringe benefit that may also be taxable income. These types of benefits begin where the usual employee benefits end and are typically not performance based.

The following lists some of the most common fringe benefits provided to executives.

• Athletic skyboxes/cultural entertainment suites
• Club memberships (i.e., country clubs)
• Corporate credit cards
• Executive dining room privileges
• Loans
• Outplacement services
• Security-related transportation
• Spousal/dependent life insurance
• Transportation (company automobiles)
• Chauffeurs
• Employer-paid parking
• Relocation expenses
• Non-commercial air travel (company jets)
• Employer-paid vacations
• Spousal or dependent travel
• Wealth management (financial planning services)
• Retirement planning services
• Employee shares of Federal Insurance Contributions Act (FICA) taxes paid by employer