Jasmine works in Washington, D.C. She accepts a new position with her current firm in Los Angeles.

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Jasmine works in Washington, D.C. She accepts a new position with her current firm in Los Angeles. Her employer provides the following moving benefits:

• Temporary housing for one month-$3,000

• Transportation for her household goods-$4,500

• Flight and hotel for a house-hunting trip-$1,750

• Flights to Los Angeles for her and her family-$2,000

What amount of these benefits must Jasmine include in her gross income?

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Related Book For answer-question

Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Jan 20, 2017 10:51 AM

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Jasmine works in Washington, D.C. She accepts a new position with her current firm in Los Angeles.

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Employers can exclude qualified moving expense reimb...View the full answer

Taxation Of Individuals And Business Entities 2015

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