What are the tax significances

Assignment Help Business Management
Reference no: EM13103462

Sally as well as bill are married and file joint returns. In 1010, Bill, an accountant has a salary of $75,000 and Sally receives salary of $25,000 as an apartment manager. What are the tax significances of the following benefits that Bill and Sally's employers provide?

a. Bill obtains a reimbursement of $5,000 for child care expenses. Sally as well as Bill have three children who are not yet school age.

b. Bill and sally are offered a free membership at a local fitness and exercise club that allows them to attend three aerobic exercise sessions per week. The value of this kind of membership is $1,600 per year.

c. Bill is offered free parking at work. The value of the parking is $1,800 per year.

d. Sally is offered with a free apartment. Living in this apartment is a condition of her employment. Alike apartments rent for $1,200 per month.

Reference no: EM13103462

Questions Cloud

What is the minimum curvature radius to accommodate : You're designing a highway so that the maximum centripetal acceleration on a curve is no more than 1.0 m/s^2. What is the minimum curvature radius to accommodate a 100 km/h maximum speed? Please show the answer and how you got it!
Your report should contain a short introduction : Your report must comprise a reference list. All research should be cited in the body of the paper. Your report should contain a short introduction and conclusion in addition to the body of the paper.
Distribution as symmetric-left skewed-right skewed : a) How is it possible that the minimum of the 365 values is 0 inches and the median is also 0 inches? b) Describe the distribution as symmetric, left-skewed or right-skewed.
What are the tax significances : Sally as well as bill are married and file joint returns. In 1010, Bill, an accountant has a salary of $75,000 and Sally receives salary of $25,000 as an apartment manager. What are the tax significances of the following benefits that Bill and Sal..
Normal approximation to binomial variable : Nathan wants to approximate a binomial probability by normal curve areas. The number of trials is 50 and the probability of success for each trial is 0.95
What is the percent change in the pressure of the gas : The rms speed of a sample of gas is increased by 3 percent. What is the percent change in the temperature of the gas? What is the percent change in the pressure of the gas, assuming its volume is held constant?
Relation of poisson and binomial distribution : If X and Y are two independent Poisson random variables, then show that the conditional distribution of X given X+Y is binomial.
Company manufacture a quality line of home kitchen appliance : You've just learned that your primary competitor has just cut their prices to the consumer by 7%. Illustrate what might be some reasons that would support their decision to make a price reduction? Illustrate what should be your thoughtful reaction..

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

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