Dominique works for a large retail store in the sporting goods department. She received the following payments
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Dominique works for a large retail store in the sporting goods department. She received the following payments in the current year through her employer:
• Wages $55,000
• Box seats to the Miami Dolphins game $400
• Raffle prize $500
• 10% discount on all merchandise. Dominique purchased $1,000 worth of athletic clothing. The discount does not exceed her employer’s gross profit.
Dominique also chose to receive cash of $3,000 instead of dependent care assistance through her employer’s cafeteria plan. How much must Dominique include in her taxable income?
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Related Book For
Fundamentals Of Taxation For Individuals A Practical Approach 2024
ISBN: 9781119744191
1st Edition
Authors: Gregory A Carnes, Suzanne Youngberg
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