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October 1, 2016Wage & Fringe: (Teamsters)May 1, 2017 (Rev. 2)This page intentionally left blank. TABLE OF CONTENTS ARTICLEPAGEI.PURPOSE.........................................................................................................................................................2II.SCOPE
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Wage and fringe refers to the total compensation received by an employee, including both wages/salaries and benefits like health insurance or retirement contributions.
Employers are required to file wage and fringe information for each employee.
Employers must accurately report all compensation, both monetary and non-monetary, provided to employees on the designated form.
The purpose of reporting wage and fringe information is to ensure accurate tax reporting and compliance with labor laws.
Employers must report wages, salaries, bonuses, commissions, tips, and the value of fringe benefits provided to employees.
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