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Sarah received the following benefits from her employer in 2019: $5,000 year-end bonus for exceeding sales expectations, $500 cash as a length-of-service award, and $2,400
Sarah received the following benefits from her employer in 2019:
$5,000 year-end bonus for exceeding sales expectations, $500 cash as a length-of-service award, and $2,400 for insurance premiums paid by her employer for a disability income policy. How much must Sarah include in her gross income in 2019?
$7,800. | ||
$0 | ||
None of these answers. | ||
$2,400. | ||
$5,400. | ||
$5,500. |
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