Solution-Does the taxpayer recognize gross income

Does the taxpayer recognize gross income

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Question - Does the taxpayer recognize gross income in the following situation? Ava is a filing clerk at a large insurance company. She is permitted to leave the premises for lunch, but she usually eats in the company's cafeteria because it is quick and she is on a tight schedule. On average, she pays $2 for a lunch that would cost $12 at a restaurant and it cost her employer $10 to prepare. However, if the prices in the cafeteria were not so low and the food was not so delicious, she would probably bring her lunch at a cost of $3 per day.

Reference no: EM132943811

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Does the taxpayer recognize gross income

Reference no: EM132943811

Reference no: EM132943811

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