Business, 28.04.2021 17:30 angelynb412
In Year 2, Carson was hired as an employee of Barton Co. As part of his employment contract, Barton provided a company car for Carson’s spouse, Mary, who is not employed. The value for the use of the automobile in Year 2 was $8,000. Carson does not use the automobile. Carson and Mary file separate individual income tax returns. What amounts, if any, should be reported as a taxable fringe value on Carson and Mary’s Year 2 income tax returns for personal use of the automobile?
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In Year 2, Carson was hired as an employee of Barton Co. As part of his employment contract, Barton...
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