Jewel Lyman is an employee in the office of Salvaggio Wheelers, Attorneys at Law She received the following benefits during 2018 Medical insurance, $250 per month Commuter pass, $500 per year Employer paid membership to Anytime Gym, $75 per year Dependent care assistance, $3,600 per year What is th...

315 calculated as Employerpaid memb ...

Jewel Lyman is an employee in the office of Salvaggio & Wheelers, Attorneys at Law. She received

Question:

Jewel Lyman is an employee in the office of Salvaggio & Wheelers, Attorneys at Law.

She received the following benefits during 2018:

Medical insurance, $250 per month
Commuter pass, $500 per year
Employer-paid membership to Anytime Gym, $75 per year
Dependent care assistance, $3,600 per year

What is the total taxable amount for Jewel’s 2018 benefits?

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

Step by Step Answer:

Related Book For answer-question

Payroll Accounting 2019

ISBN: 978-1259917073

5th edition

Authors: Jeanette Landin, Paulette Schirmer

See More Books

Question Posted: Apr 18, 2019 11:15 AM

See More Questions

a. Loren is a secretary in a lawyers office. Since he often deals with legal matters, Loren feels that a law degree will be beneficial to him. May Loren deduct his educational expenses for law...
1. Why would HP personnel think they could get away with bribing an employee in the Russian anti-bribery prosecutors office? 2. Why was it done through a series of companies in different countries?...
An employee in the accounting department of a certain business was moving a personal computer from one room to another. As he came alongside an open stairway, he slipped and let the computer get away...
1. Review the six (6) goals of performance based acquisition(s); choose two and discuss how your choices can be implemented for effective management of contracts, using an actual or theoretical...
The T-s diagram of a Carnot refrigeration cycle utilizing R134a is shown in Fig. 6.41. Heat transfer takes place in the condenser and evaporator at constant temperature. Verify the Clausius...
What is the labor efficiency variance? a. 62,250 unfavorable b. 1,350 favorable c. 63,600 favorable d. 125,850 favorable The following data relate to the budget and actual results of Oscar...
Acne Medication and Gastrointestinal Injury Since 1999, Kamie Kendall had experienced ongoing abdominal pain, and she was eventually diagnosed with ulcerative colitis and irritable bowel syndrome...
Knott Radio Corporation is a subsidiary of Mercer Companies. Knott makes car radios that it sells to retail outlets. It purchases speakers for the radios from outside suppliers for $28 each....
A 250 kg beam is raised through 25 m at a constant velocity by a crane. a) Draw an FBD for the beam. b) Determine the work done by the crane on the beam. c) Determine the work done by gravity on the...
1 a) Using the information in the case and Tables 1-3, prepare a flexible budget for the Berkshire Toy Company for the year ended June 30, 2021. Analyze the company's total master (static) budget...
Kareem Espinal is employed as a copywriter at Jacksaw Publications. He is receiving education assistance of $10,000 per year from his employer to complete his bachelors degree from an accredited...
Rodney Atwater is a sales representative for American Silk Mills. Because he visits customer sites, he has a company car. He drove 25,500 miles during 2018, of which he reported 15 percent was...
Chemists sometimes think of molecules with polar covalent bonds as being part covalent and part ionic. How can a bond be both covalent and ionic?
Consider a stock that currently paid a $4 dividend. In one year, it is expected to pay a $5 dividend. The year after, it will pay $7 for four years. After that, the dividends will grow at a constant...
Thanos is a diversified company involved in a wide range of activities in the food takeaways. Take out the following activities during the year. The company purchased a brand on 1 January 2023 for R3...
A stock is selling for $18.50. The possible stock prices at the end of 6 months are $22.50 and $15.00. Interest rate is 6.0% and dividend yield is 0%. Construct a replicating portfolio of stock and...
9. Corporate AGT Lt Air Ca AssCap Avco Bell Bell BMO BNS BNS Card Tr Cdn Pa Clearn CnCrTr Coke Coupon Mat. date Bid $ Yid% 8.800 6.750 5.400 5.750 Sep 22/25 100.46 8.75 Feb 02/04 94.00 9.09 Sep 04/01...
Consider a security of which we expect to pay a constant dividend of $18.49 in perpetuity. Furthermore, its expected rate of return is 20.1%. Using the equation for present value of a perpetuity, we...
If the acceleration is 2.00g at the feet, what is the acceleration at the heart? A. 0 B. 0.560g C. 1.40g D. 2.00g 3 20 Angular speed (rpm) 10 40 50 2. 3. 2. Acceleration (g)
Use the information given about the angles and to find the exact value of: (a) sin( + ) (b) cos( + ) (c) sin( - ) (d) tan ( + ) (e) sin(2) (f) cos (2) (g) sin /2 (h) cos/2 cos = 4/5, 0 < < /2; cos =...
Which of the following represent the purpose(s) of the labor distribution report?
Leda Inc. is located at 433 Augusta Road, Caribou, Maine, 04736, phone number 201-555-1212. The Federal EIN is 54-3910394, and a Maine Revenue Services number of 3884019. Owner, Amanda Leda has asked...
Why is it important to prepare the benefit analysis report or the total compensation report? A. The reports promote employee education about the total value of their salary and benefits. B. The...
Activity Purchasing material Receiving material Setting up equipment Machine depreciation and maintenance Ensuring regulatory compliance Shipping Total estimated cost Recommended Cost Driver Number...
Jackie Co., a 90% owned subsidiary of Nick Inc., sold land to Nick on May 1, 2024, for $80,000. The land originally cost Jackie $85,000. Jackie reported net income of $200,000, $180,000, and $220,000...
The most recent financial statements for AppleBanana Co. are shown here: Income Statement Sales Costs Balance Sheet $ 200,000 130,000 Current assets Fixed assets $ 120,000 280,000 Debt Equity $...

Jewel Lyman is an employee in the office of Salvaggio & Wheelers, Attorneys at Law. She received

Question:

Step by Step Answer:

315 calculated as Employerpaid memb...View the full answer

Payroll Accounting 2019

Students also viewed these Business questions