Pay Package Question:

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What is an exempt benefit?

Salary Package Interview Question
Salary Package Interview Question

Answer:

An exempt benefit is an expense that can be salary packaged over and above the capped limit amount. Exempt benefits are benefits offered by your employer that are non-reportable, not subject to fringe benefits tax and can be salary packaged in addition to your capped limit amount. However, there are limitations that apply to some exempt benefits offered.

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What salary package were you getting at your last job?What are the most common exempt benefits?