Kerrie works at Sante Fe Memorial Hospital as an administrative assistant. Sante Fe operates a heavily subsidized
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Kerrie works at Sante Fe Memorial Hospital as an administrative assistant. Sante Fe operates a heavily subsidized on−site cafeteria because the majority of Sante Fe employees are required to eat lunch on the premises to be available for emergencies. Kerries job description has no such requirement and she is free to eat anywhere during a typical lunch hour. Kerrie likes the cafeteria and generally eats her meals there anyway. Kerrie estimates the value of her meals at the cafeteria as $2,750 Her records show she paid $400 for these meals.
Is the value of these meals taxable income to Kerrie?
Related Book For
Income Tax Fundamentals 2023
ISBN: 9780357719527
41st Edition
Authors: Gerald E. Whittenburg, Steven Gill
Posted Date: