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Edsel Company provides a monthly car allowance to their sales employees in addition to their salary and commissions. During 2011, Jill (who is one of
Edsel Company provides a monthly car allowance to their sales employees in addition to their salary and commissions. During 2011, Jill (who is one of the company's sales representatives) received a base salary of $20,000; sales commissions of $30,000; and an auto allowance of $6,000. Jill drives her own automobile in her job and is not required to account for her business mileage to her employer. How much taxable compensation will Jill report on her tax return for 2011. a. $20,000 b. $30,000 c. $50,000 bd. $56,000
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