Anne is an employee of Marvel Corporation. Marvel provides its employees with an educational assistance plan that

Question:

Anne is an employee of Marvel Marvel provides its employees with an educational assistance plan that pays for up to $5,000 in tuition for any work-related courses. Marvel also provides free on-premises parking (valued at $50 per month) and free child care (valued at $300 per month). Does Anne have any taxable income as a result of these benefits?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...