 Welcome to Unit 6 of PRDV204, Payroll Applications. This unit is going to cover the topic of fringe benefits. Most benefits are voluntary or discretionary. This means that an employer is not required to provide those benefits, and instead offers them to make the job more attractive to potential employees. Fringe benefits can range from a cafeteria plan to a company car. We will also learn about the taxation of fringe benefits. You might remember IRS Publication 15 from Unit 4. Well, here we are looking at another IRS document called Publication 15b. This document outlines the various rules and regulations for taxing those benefits. Take great notes and have fun! I will see you at the beginning of Unit 7.