Amblake Co. offers a $500 prize to employees who have completed a voluntary survey to help them

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Amblake Co. offers a $500 prize to employees who have completed a voluntary survey to help them gather information about employee engagement . Indicate if bonus is taxable or not

A. It is not taxable since the prize is no more $500

B. It is not taxable since it is not related to work

C. It is 50% taxable O

D. it is taxable

Posted Date: Nov 27, 2021 08:01 PM

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Amblake Co. offers a $500 prize to employees who have completed a voluntary survey to help them

Question:

Expert Answer:

D It is taxable As per IRS All the prizes in ca... View the full answer

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