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Exercise 04-03 K is employed and, in addition to a salary... Kreceives certain employment benefits in addition to a salary. During the current year, her
Exercise 04-03 K is employed and, in addition to a salary... Kreceives certain employment benefits in addition to a salary. During the current year, her employer paid for the following benefits: Premium of $400 for group sickness and accident insurance coverage, Annual dues of $800 for fitness club membership for personal use, Psychologist fee of $1,200 for mental health counseling for K's son, and Premium of $600 for a private health services plan. What amount, with respect to the benefits, is included in K's employment income for tax purposes? $
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