TN 25 (03-12)
RS 01402.040 Fringe Benefits
Social Security Act, Section 209(a)(17)
Policy on fringe benefits
Any fringe benefit not qualified for wage exclusion under the Act, or not excluded under another statutory fringe benefit provision of the IRC, is wages for Social Security purposes.
The amount of wages is the difference between the discount price paid by the employee for the benefit and its fair market value.