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Fri 14 Apr, 2017 09:01 am
Hey guys,
I have been surfing around the internet and couldn't find what I am looking for specifically. I Would like to know the word used for when a company pays you for your family expenses, ( like the money you get for working is called salary and the extra money you get when you reach your sales is called commission and so I'd like to know the word used for family expenses).
Thanks
@Fawad124312,
I don't think I have ever heard of a company paying for family expenses.
Either way, it would likely be referred to as a benefit or a perk (which is short for perquisite).
The American tax authority (the IRS) says that payments by an employer for " personal, living, and family expenses" are usually non-deductible. In the UK, likewise. If an employer provides extra payments over and above salary and work-related expenses, for example payment of childcare costs, subsidy of travel to work (including provision of a car) or living expenses (including rent), these can be taxable, and are often described as 'benefits'. So there's another word, maybe. This word is often used for payments by employers to help with the cost of children's care, education, healthcare, etc.
If a company wants to attract workers, they can offer to pay for expenses to do with the employee's family such as relocation costs and travel expenses for spouse, children, private healthcare, etc. In the case of a top job the benefits package can be considerable.
@centrox,
That's true; I hadn't considered that, thank you. I would call those benefits or maybe even an incentive package.
@Fawad124312,
Fwd, have you tried a thesaurus
@Fawad124312,
In Australia we would call them 'fringe benefits'.
https://www.ato.gov.au/General/Fringe-benefits-tax-(FBT)/