Clark works all year at the front desk of the DewDrop Inn and earns a salary of

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Clark works all year at the front desk of the DewDrop Inn and earns a salary of

$30,000. He is offered the option of a $400-per-month living allowance or rentfree use of a room at the DewDrop 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 DewDrop Inn?

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Taxation For Decision Makers 2008

ISBN: 9780324654110

2nd Edition

Authors: Shirley Dennis-Escoffier, Karen A. Fortin

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