22. Clark works all year at the front desk of the Dew Drop Inn and earns a...

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22. Clark works all year at the front desk of the Dew Drop Inn and earns a salary of $30,000. He is offered the option of a $400-per-month living allowance or rent-free use of a room at the Dew Drop Inn. Clark chooses to live at the inn in a room that normally rents for $400 per month. How much gross income does Clark have from the Dew Drop Inn?

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Taxation For Decision Makers

ISBN: 9781118091555

2012 Edition

Authors: Shirley Dennis Escoffier

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