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inn [45]
2 years ago
7

John Cotton is an employee at Radiance Senior Living. He received the following benefits from his employer during 2021 on the co

mpany’s location for company purposes:Personal protective equipment: $140 per monthEmployer-provided cell phone: $80 per monthMeals: $160 per month
What amount of these benefits is taxable for 2021?
Business
1 answer:
sertanlavr [38]2 years ago
3 0

The  amount of these benefits that is taxable for 2021 is $1,680.

<h3>Benefits that is taxable for 2021</h3>

The Benefits that is taxable for 2021  is Personal protective equipment of the amount of $140 per months.

Hence:

Taxable benefit=$140×12 months

Taxable benefit=$1,680

Therefore the  amount of these benefits that is taxable for 2021 is $1,680.

Learn more about Benefits that is taxable for 2021 here:brainly.com/question/26652580

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With the same limitations, absolute advantage enables one company to produce more of this kind of good or service than another.

<h3>What is an example of an absolute advantage?</h3>

Consider California and Mexico as two nations that produce tequila and wine, respectively. Off to the right, a list of the goods that each country can create is presented. As you can see, California has a clear edge in creating both items because it can produce more of everything.

<h3>How is absolute advantage determined?</h3>

Low-cost production enables the achievement of an absolute advantage. In other senses, it describes a person, business, or nation that has cheaper production costs. When (in comparison to rivals): Fewer materials are required to make a product, such an advantage is developed.

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Have a good day and stay safe!

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