Current odds the U.S. Prime Rate will continue at 4.00% after the September 20TH, 2017 FOMC monetary policy meeting: 29.5% (not likely), with remaining odds -- 70.5% (somewhat likely) -- that the U.S. Prime Rate will be at least 25 basis points (0.25 percentage point) higher.
âNet tangible benefitâ is defined as:ï·A 5 percent reduction to the P&I of the mortgage payment plus theannual MIP, or ï·Refinancing from an Adjustable Rate Mortgage (ARM) to a fixed ratemortgage. Note: Reducing the term of the mortgage, in and of itself, is not a nettangible benefit.
A âfringe benefitâ is a payment to an employee by their employer, in respect of their employment, that occurs in a different form to cash salary or wages. Fringe Benefits Tax (FBT) is the taxation paid on these employer-provided benefits; however not all fringe benefits are subject to FBT.ll employers fall into one of four different FBT statuses. Rebatable, Charity and Public Health employees are eligible for FBT tax concessions, which allow for a reduction in FBT payable or an FBT exemption. These concessions are limited to a âCapâ and determine the amount of FBT payable (if any).