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Read the following problem: Justin is working his way through college and trying to make ends meet. Kaylin, a friend, is graduating soon and tells
Read the following problem: Justin is working his way through college and trying to make ends meet. Kaylin, a friend, is graduating soon and tells Justin about a really great job opportunity. She is the onsite manager for an apartment complex catering to students. The job entails working in the office for about hours a week, collecting rent each month, and answering afterhours emergency calls. The owner of the apartment complex requires the manager to live on site as a condition of employment. The pay is $ per hour, plus a rentfree apartment worth about $ per month Kaylin then tells him the best part: the rentfree apartment is taxfree as well. Knowing that you are a tax student, Justin asks you if the rentfree apartment is really tax free or if this is just another scam. Explain to Justin whether the compensation for the apartment is a taxable benefit. Using the research skills you have learned, access AnswerConnect and research whether the apartment is a taxable benefit to Justin. By Thursday, post your findings. a State the issue. b State your conclusion based on your findings. c Provide an analysis explaining why you believe your findings address the question at hand. d Provide proper tax research citations in your
Read the following problem: Justin is working his way through college and trying to make ends meet. Kaylin, a friend, is graduating soon and tells Justin about a really great job opportunity. She is the onsite manager for an apartment complex catering to students. The job entails working in the office for about hours a week, collecting rent each month, and answering afterhours emergency calls. The owner of the apartment complex requires the manager to live on site as a condition of employment. The pay is $ per hour, plus a rentfree apartment worth about $ per month Kaylin then tells him the best part: the rentfree apartment is taxfree as well. Knowing that you are a tax student, Justin asks you if the rentfree apartment is really tax free or if this is just another scam. Explain to Justin whether the compensation for the apartment is a taxable benefit.
Using the research skills you have learned, access AnswerConnect and research whether the apartment is a taxable benefit to Justin.
By Thursday, post your findings.
a State the issue.
b State your conclusion based on your findings.
c Provide an analysis explaining why you believe your findings address the question at hand.
d Provide proper tax research citations in your
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