1) For each of the scenarios below, calculate the amount of income that must be recognized by the employee (or the employee's family) using the information below Enter the appropriate amounts in the designated cells below Enter all amounts as positive values If no entry is necessary, enter a zero (0) Situation Amount Included Employee X is provided with $115,000 of nondiscriminatory group term life insurance by his employer The annual cost of a policy of this type is $1 20 per $1,000 of coverage, and X's required contribution is $3 00 per month Dangerous, Inc , is in the business of deep sea treasure hunting Due to the inherently risky nature of this business, Dangerous offers death benefits to its employees On June 1, one of Dangerous's employees died on the job, and Dangerous paid the employee's family $100,000 in death benefits Due to the fact that parking downtown is difficult, Lucas Lawyer parks on the outskirts of the city and uses the subway from there to get to work Lucas's employer pays all of Lucas's transportation costs, which are $377 monthly for parking and $465 monthly for the subway Jerry just graduated from college in Florida and accepted a job in California This is Jerry's first job As part of moving to California to accept this position, Jerry incurred the following costs $2,000 to ship his furniture $600 for gas, tolls, and lodging $200 for meals en route and $300 for the real estate agent that helped him find and lease his apartment Jerry's employer reimbursed him for all of these expenses Roseanne received $4,000 from her employer as part of a qualified educational assistance program She used the $4,000 as follows $2,000 for tuition, $500 for books, and $1,500 for lodging Use of the copy machine at the employee's office The value of this use is estimated to be $2 over the course of the year Two season tickets to football games given to an employee The tickets cost $350 each Bus passes given by the employer worth $100 a month Reimbursement by the employer for $500 of moving expenses incurred by an employee An employee gets a 15 discount on qualified property at the retail store where he works The store's gross profit percentage is 18 , and the discount resulted in $225 of savings

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1) For each of the scenarios below, calculate the amount of income that must be recognized by the employee (or the employee's family) using the

1) For each of the scenarios below, calculate the amount of income that must be recognized by the employee (or the employee's family) using the information below. Enter the appropriate amounts in the designated cells below. Enter all amounts as positive values. If no entry is necessary, enter a zero (0).

Situation	Amount Included
Employee X is provided with $115,000 of nondiscriminatory group-term life insurance by his employer. The annual cost of a policy of this type is $1.20 per $1,000 of coverage, and X's required contribution is $3.00 per month.
Dangerous, Inc., is in the business of deep sea treasure hunting. Due to the inherently risky nature of this business, Dangerous offers death benefits to its employees. On June 1, one of Dangerous's employees died on the job, and Dangerous paid the employee's family $100,000 in death benefits.
Due to the fact that parking downtown is difficult, Lucas Lawyer parks on the outskirts of the city and uses the subway from there to get to work. Lucas's employer pays all of Lucas's transportation costs, which are $377 monthly for parking and $465 monthly for the subway.
Jerry just graduated from college in Florida and accepted a job in California. This is Jerry's first job. As part of moving to California to accept this position, Jerry incurred the following costs: $2,000 to ship his furniture; $600 for gas, tolls, and lodging; $200 for meals en route; and $300 for the real estate agent that helped him find and lease his apartment. Jerry's employer reimbursed him for all of these expenses.
Roseanne received $4,000 from her employer as part of a qualified educational assistance program. She used the $4,000 as follows: $2,000 for tuition, $500 for books, and $1,500 for lodging.
Use of the copy machine at the employee's office. The value of this use is estimated to be $2 over the course of the year.
Two season tickets to football games given to an employee. The tickets cost $350 each.
Bus passes given by the employer worth $100 a month.
Reimbursement by the employer for $500 of moving expenses incurred by an employee.
An employee gets a 15% discount on qualified property at the retail store where he works. The store's gross profit percentage is 18%, and the discount resulted in $225 of savings.