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Arnold is single and works for Timberlake Corporation. Arnold received the following compensation and benefits in 2020. Salary 120 000 Bonus 30 000 Tuition reimbursement
| Arnold is single and works for Timberlake Corporation. Arnold received the following compensation and benefits in 2020. | ||||||||||||
| Salary | 120 000 | |||||||||||
| Bonus | 30 000 | |||||||||||
| Tuition reimbursement | 8 000 | |||||||||||
| Employer paid health insurance | 5 000 | |||||||||||
| Restricted stock - 1,000 shares with FMV of $10 per share | ||||||||||||
| Upon consultation with his CPA, Arnold made the 83(b) election in relation to this restricted stock. | ||||||||||||
| Calculate Arnold's taxable compensation for 2020 and the amount of social security and Medicare taxes he will pay on that compensation. 7 points | ||||||||||||
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GMP/ISO Quality Audit Manual For Healthcare Manufacturers And Their Suppliers Volume 2
Authors: Leonard Steinborn
6th Edition
978-0849318474
