Question
Rev Guilia is a full-time minister. The church allows her to use a parsonage that has an annual fair rental value of $ 28,400. The
Rev Guilia is a full-time minister. The church allows her to use a parsonage that has an annual fair rental value of $ 28,400. The church pays her an annual salary of $75,000, of which $7,200 is designated for utility costs. Her actual utility cost during the year were $ 6,800.
How much income will Rev. Mastero report for income tax purpose?
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Taxation For Decision Makers 2017
Authors: Shirley Dennis Escoffier, Karen Fortin
7th Edition
1119330416, 978-1119330417
