Dominique works for a large retail store in the sporting goods department. She received the following payments

Question:

Dominique works for a large retail store in the sporting goods department. She received the following payments in the current year through her employer:

• Wages $55,000

• Box seats to the Miami Dolphins game $400

• Raffle prize $500

• 10% discount on all merchandise. Dominique purchased $1,000 worth of athletic clothing. The discount does not exceed her employer’s gross profit.

Dominique also chose to receive cash of $3,000 instead of dependent care assistance through her employer’s cafeteria plan. How much must Dominique include in her taxable income?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: