Pasquel is a salesman for Champions Sporting Goods Store which has several stores in the Midwest and
Question:
Pasquel is a salesman for Champions Sporting Goods Store which has several stores in the Midwest and Pacific Northwest. Every year, the owner of Champions takes all the salespeople on a fishing trip to enjoy the outdoors and use the equipment that they sell in the stores. The owner holds a meeting the first day to discuss the upcoming year’s sales goals, new products, and promotions. The salespeople are not required to attend, but most do because it allows them an opportunity to network with other store salespeople and participate in team building activities. Most of the salespeople spend their time fishing, but business discussions are common and conducted on an ongoing basis throughout the trip. The trip costs Champions \($3,500\) per salesperson. Based on the information provided, is the \($3,500\) taxable wages to Pasquel and the other salespeople?
Step by Step Answer:
Fundamentals Of Taxation For Individuals A Practical Approach 2024
ISBN: 9781119744191
1st Edition
Authors: Gregory A Carnes, Suzanne Youngberg