Keren is an employee of Dimensionworks Designs in New Mexico who received the following achievement awards from
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Keren is an employee of Dimensionworks Designs in New Mexico who received the following achievement awards from her employer during 2022:
• Best safety plan, Santa Fe County: $1,200
• Top emergency plan layout, New Mexico: $1,600
• Ten-year employee award: $750
The achievement awards are eligible under a qualified plan. How much of the achievement award income is taxable?
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Achievement awards are generally taxable to employees as compens...View the full answer
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