How much taxable income does nikki recognize

Reference no: EM13312293

Nikki works for the Shine Company, a retailer of upscale jewelry. How much taxable income does Nikki recognize under the following scenarios?

Nikki receives a 28 percent discount on jewelry restoration services offered by Shine Company. This year, Nikki had Shine Company repair a set of antique earrings (normal repair cost $600; discounted price $432.00).

Reference no: EM13312293

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How much taxable income does nikki recognize : Nikki receives a 28 percent discount on jewelry restoration services offered by Shine Company. This year, Nikki had Shine Company repair a set of antique earrings (normal repair cost $600; discounted price $432.00).

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