Please use the Tax Research Memo format illustrated in the Canvas example that I reviewed with the class on Monday, 2/8, to address each of the following independent questions.

I. Rita and Paul are marred on March 18, 2020. They use Rita 's house as their residence and sell Paul 's house on

April 27, 2020 for $420,000. Paul had purcha sed the house in 2013 for $120,000. They wou ld like to know what the

tax ramifications of the home sale are for their 2020 return?

2. You are offered two jobs upon graduation at the same salaries and with equally attractive workplace environments. The only difference between the two job offers is the benefits package that each one offers. Evaluate the tax implications of each benefits package in Tax Memo format being sure to cite the relevant internal revenue code sections.

Employer 1:

Employer provided health and dental care covcrage premiums of $600 per month paid by employer, 0 out of pocket cost to employee

Employer provided life insurance coverage-face value of policy = $120,000, premiums paid by employer

Employer provided health club membership-membership of $50/month paid by employer

Employee tuition reimbursement for pursui ng graduate school--$5,250 annual tuition reimbursement provided by employer

Employer 2:

Employer provided health and dental care covcrage premiums of $300 per month paid by employer, $300 per month out of pocket cost to employee

Employer provided life insurance coverage-face value of policy = $50,000, premiums paid by employer

Employer paid parking reimbursement-$300/month paid by employer

Employer provided disability coverage-all premiums paid by employer

Employer provided computer and printer for use when working remotely from home