Keren Wiseman is an employee of Dimension works Designs in New Mexico. She received the following achievement
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Keren Wiseman is an employee of Dimension works Designs in New Mexico. She received the following achievement awards from her employer during 2018:
- Best Design, Santa Fe County: $1,200
- Top Graphic Layout, New Mexico: $1,600
- Employee of the Year: $750
How much of her achievement award income is taxable? $1,950, total amount over the $1,600 allowable as non-taxable ($1,200 + $1,600 + $750 = $3,550 - $1,600 = $1,950)
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1 950 of her achievement award income is taxable The amou...View the full answer
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Related Book For
Payroll Accounting 2019
ISBN: 978-1259917073
5th edition
Authors: Jeanette Landin, Paulette Schirmer
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