1. Linda is an employee of JRH Corporation. Which of the following would be included in Lindas...
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1. Linda is an employee of JRH Corporation. Which of the following would be included in Linda’s gross income?
a. Premiums paid by JRH Corporation for a group term life insurance policy for
$50,000 of coverage for Linda.
b. $1,000 of tuition paid by JRH Corporation to State University for Linda’s master’s degree program.
c. A $2,000 trip given to Linda by JRH Corporation for meeting sales goals.
d. $1,200 paid by JRH Corporation for an annual parking pass for Linda.
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Related Book For
Essentials Of Taxation Individuals And Business Entities
ISBN: 233160
1st Edition
Authors: Nellen/Young/Raabe/Maloney
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