Business, 28.01.2020 06:31 marshallmattah

Linda and richard are married and file a joint return for 2015. during the year, linda, who works as an accountant for a national airline, used $2,100 worth of free passes for travel on the airline; richard used the same amount. linda and richard also used $850 worth of employee discount coupons for hotel rooms at the hotel chain that is also owned by the airline. richard is employed at state university as an accounting clerk. under a tuition reduction plan, richard saved $4,000 in tuition fees during 2015. he is studying for a master's degree in business at night while still working full-time. richard also had $30 worth of personal typing done by his secretary at the university. what is the amount of fringe benefits that should be included in linda and richard's gross income on their 2015 tax return?

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:20

According to the u.s. census bureau (), the median household income in the united states was $23,618 in 1985, $34,076 in 1995, $46,326 in 2005, and $57,230 in 2015. in purchasing power terms, how did family income compare in each of those four years? you will need to know that the cpi (multiplied by 100, 1982–1984 = 100) was 107.6 in 1985, 152.4 in 1995, 195.3 in 2005, and 237.0 in 2015

Answers: 3

Answer

Business, 21.06.2019 22:40

In allentown, pennsylvania, in the summer of 2014, the average price of a gallon of gasoline was $3.68long dasha 22-cent increase from the year before. many consumers were upset by the increase. one was quoted in a local newspaper as saying, "it's crazy. the government should step in." source: sam kennedy, "valley feeling pain at the pump," (allentown, pa) morning call, june 21, 2014. suppose the government had stepped in and imposed a price ceiling equal to old price of $3.46 per gallon. a. using the line drawing tool, draw and label the price ceiling. carefully follow the instructions above, and only draw the required object.

Answers: 3

Answer

Business, 22.06.2019 13:20

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?

Answers: 2

Answer

Business, 22.06.2019 15:00

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

Answers: 2

Answer

You know the right answer?

Linda and richard are married and file a joint return for 2015. during the year, linda, who works as...

Questions