Clark works all year at the frontdesk of the DewDrop Inn and earns a salary of $30,000.

Question:

Clark works all year at the frontdesk of the DewDrop Inn and earns a salary of $30,000. He is offered the option of a $400-per-month living allowance or rent-free use of a room at the inn. Clark chooses to live at the inn in a room that normally rents for $400 per month. What is Clark's gross income from the DewDrop Inn?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

Question Posted: