Sharon and Jim are married with one child age 3. They are supporting Jim mother who is elderly disabled and lives with the couple full time. In 2018, the couple combined income from the employment is $ 390,000. Sharon also won a trip from her employer for being one of the top sellers of her employer. All expenses paid trip to Europe for her and her husband. A value of $15,000. He received a thanks giving $50.00 gift card to a grocery store at Christmas. The couples own 100 shares of XYZ Corp. with a basis of $25 per share.

1.What is the income of the couple?

2.How much is the income?

3. What is the combined income from their employment? 

4. Is fringe benefit apply here?