This assignment is designed to research specific kinds of

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This assignment is designed to research specific kinds of tax authority. Use the IRC and any relevant Regulations to prepare a memo in IRAC - issues, rules analysis, conclusions, keep it under 2 pages the most. Sue is an accounting student, who works part-time as a waitress at Busy Burger. Busy Burger allows all employees a 40 % discount for any food that they buy and consume on the premises. During 2012, the value of this 40 % discount for Sue amounted to $2,500 for days on which she was working at Busy Burger (she ate during mealtime at work), and $1,500 for days on which she did not work but still stopped by after class during mealtimes. How much gross income must Sue identify for 2012 with respect to the discount plan? After suitable research, prepare (in good form) a short research memorandum to file.

The purpose of assignment is practice in reading the Code and the regulations.

Reference no: EM13370955

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