What is abatement and why would a locality offer abatement


1.What is a fringe benefit? Provide at least one example and explain how it is treated for tax purposes. 

2. Describe the types of local taxes that an individual or organization is likely to pay. Why are there different tax rates by locality? What is abatement and why would a locality offer an abatement to a company?

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Accounting Basics: What is abatement and why would a locality offer abatement
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