Ms. Sam received the following benefits from her employer in the current calendar year. Benefit Value A
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Question:
Ms. Sam received the following benefits from her employer in the current calendar year.
Benefit | Value |
A gift card for the birth of your first child | $ 675 |
A watch, in recognition of five years of service with the employer; this was his first long service award from his employer | 450 |
vacation trip to bahamas | 1200 |
Subsidized meals in the company cafeteria | 950 |
Ms. Zee's taxable earned income, from the above benefits, for the current year is:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: