Question
Luther's employer provides on-site daycare for its employees' children. For tax year 2015, the value of this service is $5,500. Luther took advantage of this
Luther's employer provides on-site daycare for its employees' children. For tax year 2015, the value of this service is $5,500. Luther took advantage of this benefit to receive care for his 3-year old daughter. Luther must claim $5,500 as income on his personal 1040 tax return for this benefit.
True or False?
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Financial Accounting Theory
Authors: William R. Scott
3rd Edition
0130655775, 9780130655776
