Jeans employer pays her $200 each month to cover the cost of parking near a rail station
Question:
Jean’s employer pays her $200 each month to cover the cost of parking near a rail station where Jean catches the train to work. Jean is the CEO of the company, and she is the only employee who receives these benefits. The discrimination rule applies to this type of fringe benefit, and accordingly, Jean must include the entire cost of the parking in her gross income.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Essentials Of Federal Income Taxation For Individuals And Business
ISBN: 9780808038009
15th Edition
Authors: Linda M. Johnson
Question Posted: