A gang of five shearers is engaged for two weeks shearing sheep on a rural property....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A gang of five shearers is engaged for two weeks shearing sheep on a rural property. During that time, they occupy motel-style units on the property and are provided with full board. The units occupied are used in certain periods of the year to provide accommodation for paying guests and are, therefore, of high standard. Required: Is there a taxable fringe benefit? Discuss. A gang of five shearers is engaged for two weeks shearing sheep on a rural property. During that time, they occupy motel-style units on the property and are provided with full board. The units occupied are used in certain periods of the year to provide accommodation for paying guests and are, therefore, of high standard. Required: Is there a taxable fringe benefit? Discuss.
Expert Answer:
Answer rating: 100% (QA)
Yes there is a taxable fringe benefit When an employer provides accommodation to an employee and tha... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
There are 38 different time periods during which classes at a university can be scheduled. If there are 677 different classes, how many different rooms will be needed?
-
In rural west Texas, there are six farms (numbered 1 6) connected by small roads. The distances in miles between the farms are given in the following table. What is the minimum distance required to...
-
A lone shepherd can graze 10 sheep per year in a meadow. Each additional shepherd who uses the meadow reduces the number of sheep that can be maintained by one per shepherd. If a person would rather...
-
Compare and contrast the progressive and positive discipline procedures.
-
Explain the three reasons the aggregate-demand curve slopes downward give an example of an event that would shift the aggregate-demand curve. Which way would this event shift the curve?
-
Evaluate the definite integral. *T/3 x* sin x dx |-1/3
-
It is claimed that problem definition and decision-making are intertwined. Explain.
-
The controller for Rainbow Childrens Hospital, located in Munich, Germany, estimates that the hospital uses 30 kilowatt-hours of electricity per patient-day, and that the electric rate will be .10...
-
Please help me as much as you can!! I will take all your effort to solve this problem and will give you a good rate!!! Please show all the calculations in detail! Also, please do not copied and...
-
Q1. Calculate the amounts that should be reported for (L) and (Z) on the 9/28/2008 balance sheet: (L) = ___________ million (Z) = ___________ million Q2. What was the beginning balance of the...
-
A drug shows promise as a new treatment for hay fever. The hypotheses below were tested for p = proportion of patients taking this drug who are cured of hay fever. H 0 : p = 0.80 versus H a : p >...
-
The amount of electricity used in a typical all-electric home is shown in the circle graph in Figure 14.15. If, in a certain month, a home used 1,100 kWh (kilowatt-hours), find the amounts of...
-
Decide whether something is wrong with each of the graphs shown in Problems 13-17. Explain your reasoning. Consider the graph shown in Figure 14.20. Chevy trucks are clearly better. 95% CHEVY FORD...
-
Refer to P46. During 2008, the following events occurred: 1. Silly Inc. had sales of $800,000 to Practical Corp. Sillys gross margin was still 40% of selling price, and its income tax rate continued...
-
A professor gives six exams. Two students' scores have the same mean, although one student's scores have a small standard deviation and the other student's scores have a large standard deviation....
-
The diameter of a pipe is normally distributed, with a mean of 0.4 inch and a variance of 0.0004 . What is the probability that the diameter of a randomly selected pipe will exceed 0.41 inch?
-
4. Hotel Shaikat started its business on 1 March 2016. After 1st month activities its WORK SHEET before adjustment is as under: [CLO 2 and 3; Level 2] Other Data: (i) (ii) (iii) (iv) Hotel Shaikat...
-
Use Stokes' Theorem to evaluate f(y+sin x) dx+(z+cos y) dy+rdz, where C is the rve r(t) = (sint, cost, sin 2t), t = [0, 2].
-
Save the Elephants organization has completed its annual fundraising drive in June 2013. It received $50,000 in cash donations and an additional $20,000 in pledges, up slightly from 2012, when it had...
-
On December 31, 2009, Lara acquired all the issued shares of Jade. On this date, the share capital of Jade consisted of 200,000 shares paid at $0.50 per share. Retained earnings of Jade at this date...
-
Set out advantages and disadvantages associated with public sector entities using a separate reporting framework. Cite examples in support of each advantage or disadvantage given.
-
Describe what sexual harassment is and what forms it can take.
-
Describe what is meant by retaliatory and constructive discharge and how to defend a claim for unfair discharge.
-
Explain public policies that protect employees from unlawful discharge.
Study smarter with the SolutionInn App