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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 2014, 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 2014 with respect to the discount plan? After appropriate research, prepare (in good form) a short research memorandum (one page) to file. ****THIS QUESTION HAS BEEN ANSWERED BY TUTOR- RMAHUJA AND IS INCOMPLETE AND INCORRECT. WOULD ANOTHER TUTOR PLEASE ATTEMPT THE QUESTION?******
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