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1. It is the price that workers receive for their labor in the form of salaries, bonuses, royalties, commissions, and fringe benefits, like paid vacations, health insurance, and pensions.
fringe benefit is something that your employer offers you that is above and beyond your annual salary or other wages. These are perks that employers offer in order to attract and retain the best talent. This includes things like health and dental insurance, retirement benefits, bonuses, and paid time off.
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