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Question 29 (2 points) Doug is an employee of Giant Valley Auto City. The company allows all employees to receive a 33% dis service
Question 29 (2 points) Doug is an employee of Giant Valley Auto City. The company allows all employees to receive a 33% dis service to their personal vehicles Dong paid $1,075 S work done gross income must Doug recognise because of the discount? a) $0 b) $205 c) $320 d) $525 e) $1075 f) none of the above his truck that normally costs $100 How much Question 30 (2 points) Angela, age 35, is an employee of Travis, Inc. Her annual salary is $55,000. After considering the following list of benefits provided Angela, determine her gross income for the year. Round to the nearest whole dollar. Angela has $3,000 of her salary withheld and paid into the company's qualified pension plan. The company matches the contribution at the rate of $.50 for each $1.00 paid in Group-term life insurance policy at twice her annual salary paid by the company. Premium cost is $1.08 per $1,000 of coverage. Health and accident insurance policy costing $1,500 paid by the company. Angela elects to have $1,800 of her salary paid into a flexible benefits plan to cover childcare costs. She incurs $2,100 of childcare costs during the year. a) $44,700 b) $46,254 c) $50,265 d) $55,000
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