Question
Sue is an FAU accounting student, who works part-time as a waitress at Busy Burger in Boca. Busy Burger allows all employees a 40 percent
Sue is an FAU accounting student, who works part-time as a waitress at Busy Burger in Boca. Busy Burger allows all employees a 40 percent discount for any food that they buy and consume on the premises. During 2016, the value of this 40 percent discount for Sue amounted to $2,500 for days on which she was working at Busy Burger (she ate during mealtime at work), and $1,500 for days on which she did not work but still stopped by after class during mealtimes. How much gross income must Sue recognize for 2016 with respect to the discount plan? After appropriate research, prepare (in good form) a short research memorandum (one page) to file. The purpose of this assignment is practice in reading the Code and the regulations. Facts: (optional) Issue: Rules: Conclusion & analysis:
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