Trinidad Schwab is an employee at Kyletown Fire Department. He received the following benefits from his employer

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Trinidad Schwab is an employee at Kyletown Fire Department. He received the following benefits from his employer during 2018 for company purposes:

  • On-site housing, $250 per month
  • Employer-provided cell phone, $50 per month
  • Meals, $100 per month

What amount of these benefits are taxable for 2018? None of these may be taxable as they occurred on the company’s location for the company’s purposes.

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Related Book For  answer-question

Payroll Accounting 2019

ISBN: 978-1259917073

5th edition

Authors: Jeanette Landin, Paulette Schirmer

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