User Account

All Pages

What amount of these payments included in gross income

Assignment Help Accounting Basics
Reference no: EM132841505

Question - Tyler Pace received the following compensation and fringe benefits from his employer during the current year. All benefits are non-discriminatory and are offered to all employees.

Salary = $100,000

Year-end bonus = $10,000

Premium on health insurance = $2,500

Sick pay due to illness paid directly by employer = $750

Reimbursement for Day Care Center for Tyler's son = $4,000

What amount of these payments should be included in Tyler's current-year gross income?

a. $117,250

b. $110,000

c. $110,750

d. $114,750

Reference no: EM132841505

Questions Cloud

Addressing the issue of a lack of diversity in companies : Over 40% of the Silicon Valley population was born in another country. However, many Silicon Valley companies have recognized that they have a lack of diversity
How the structure of an annotated bibliography should look : If you are unsure about how the structure of an annotated bibliography should look, check out this Purdue OWL website, which offers an overview.
How was harriet jacobs influenced by family : Analyze the role of family in the book. How was Harriet Jacobs influenced by family, aided by family and hindered by family? Explain.
Operating environment and develops strategies : How a business analyzes and understands its operating environment and develops strategies that will be successful in that environment
What amount of these payments included in gross income : Reimbursement for Day Care Center for Tyler's son = $4,000. What amount of these payments should be included in Tyler's current-year gross income
What is the swot analysis of mashraq bank : What is the Swot analysis of Mashraq bank UAE 5 pots for each with details with the links on references please
BSBPMG538 Manage Project Stakeholder Engagement Assignment : BSBPMG538 Manage Project Stakeholder Engagement Assignment Help and Solution, South Sydney College - Assessment Writing Service
What you have learned throughout your coursework : During your course of study in the M.Ed. program you have examined issues relating to ethics in the educational setting and the importance of promoting.
Analyse the scientific management theories : Analyse the Scientific Management theories and its application in a contemporary multidisciplinary business context focusing on the influence of Scientific Mana

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the two points that connect the capital market line

Avoidable and Unavoidable are common terms for investor risk. By what names do we also know these risks and which belongs to which?

  Prepare an analysis showing the old machine should retained

This machine will have a 5-year useful life with no salvage value. Prepare an analysis showing whether the old machine should be retained or replaced

  How would you recommend responding to the low-cost imports

Assuming that you work for a U.S.-based textile company, how would you recommend responding to the low-cost imports

  How does the impact bond pricing

What is the nature of this relationship (i.e. directional, inverse, no relationship) and why is this so? How does this impact bond pricing?

  Prepare the journal to record the sale

On 12/14/2016, Willies' Groceries makes total credit card sales for $1400 with a finance company-issued credit card, Prepare the journal to record the sale

  The raattama corporation had sales of 35 million last year

the raattama corporation had sales of 3.5 million last year and it earned a 5 return after taxes on sales. recently the

  Discuss the impact of information on the taxable income

Ellie and Linda are equal owners in Otter Enterprises, a calendar year business. Discuss the impact of information on the taxable income

  How can a business organization that has accounting function

How can a business organization that has an accounting function better protect itself from potential scandals and law suits? with proper examples?

  How depreciation expense is calculated for group of assets

Depreciation rates used in financial accounting shall not be used in tax accounting. How depreciation expense is calculated for any group of assets.

  Prepare all required journal entries for reveal ltd

Assuming the investment in Adam is classified as Fair Value Through Other Comprehensive Income (FVTOCI), prepare all required journal entries in 2020 and 2021.

  What is the net realizable value of the receivables reported

What is the net realizable value of the receivables reported on the statement of financial position at December 31, 2018 after adjusting entries?

  In 2014 hollis corporation reported net income of 1081000

in 2014 hollis corporation reported net income of 1081000. it declared and paid preferred stock dividends of 271800.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd