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Attachment 2 Vehicle Fringe Value Calculation & Reporting Form NOVEMBER 1, 2014, AND ENDING OCTOBER 31, 2015, Last Name First Name M.I. Social Security No. Agency Code Work Phone **Vehicle Fringe
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What is vehicle fringe value calculation?
Vehicle fringe value calculation is the calculation of the taxable value of a company-provided vehicle used for personal purposes.
Who is required to file vehicle fringe value calculation?
Employers providing company vehicles to employees for personal use are required to file vehicle fringe value calculation.
How to fill out vehicle fringe value calculation?
Vehicle fringe value calculation can be filled out by gathering information on the vehicle's purchase price, annual lease value, and personal use percentage.
What is the purpose of vehicle fringe value calculation?
The purpose of vehicle fringe value calculation is to determine the taxable benefit that employees receive from using company-provided vehicles for personal use.
What information must be reported on vehicle fringe value calculation?
Information such as the make and model of the vehicle, the employee's personal use percentage, and any additional benefits related to the vehicle must be reported on vehicle fringe value calculation.
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