Dontae's employer has offered him the following employment package. Salary$ 400,000Health insurance10,000Dental insurance1,500Membership to Heflin Country Club20,000Season tickets to Atlanta Braves games5,000Tuition reimbursement for graduate courses4,000Housing allowance (for a McMansion in his neighborhood of choice)40,000 What is Dontae’s gross income from his employment?

Health insurance,Dental insurance and Tuition reimbursement for graduate courses are not taxable for…

Answered: Dontae's employer has offered him the…

Dontae's employer has offered him the following employment package. Salary $ 400,000 Health insurance 10,000 Dental insurance 1,500 Membership to Heflin Country Club

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter4: Income Exclusions

Section: Chapter Questions

Problem 38P

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Dontae's employer has offered him the following employment package.

Salary	$ 400,000
Health insurance	10,000
Dental insurance	1,500
Membership to Heflin Country Club	20,000
Season tickets to Atlanta Braves games	5,000
Tuition reimbursement for graduate courses	4,000
Housing allowance (for a McMansion in his neighborhood of choice)	40,000

What is Dontae’s gross income from his employment?

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