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Zippy works for Zips Company and received the following amounts. For each item, indicate how much is taxable. If the item is not taxable, put
Zippy works for Zips Company and received the following amounts. For each item, indicate how much is taxable. If the item is not taxable, put $0 in the taxable amount column. (4 POINTS) Item Amount Taxable Amount $75,000 2,500 6,000 2,000 Salary Health insurance premiums paid by employer Zippy fell at work and broke her arm. She received workers' compensation pay. Zippy had also purchased a loss of income insurance policy from her neighbor. She received benefits while her arm was broken. Payment of tuition to attend college Fair value of copies made on work copier Bonus for meeting safety goals (to all employees in her dept) Amazon gift card for Christmas (to all employees) 7,500 200 1,000 150
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