Answer:
Total taxable amount will be equal to $7000
So option (d) will be correct answer
Explanation:
According to IRS benefit which is received under the disability which shall be fully taxable only if
Employee pays premium on such policy entirely with pre tax dollars
Here in the given question premium amount paid by employee herself and with the assumption of paying such premium with pre tax dollars hence it is treated as taxable fully i.e 6500$
So 500$ sick pay under welfare fund is treated as earned income so fully taxable.
Therefore total taxable amount will be equal to $6500 + $500 = $7000
So option (d) will be correct answer
The annual salary for novel author is $64,349. Approximately $30.94 an hour.
The other day, someone asked me about the last time my ethics had been tested at work and how I reacted.
I wasn’t sure how to respond. It’s a good question, and I wanted to answer it. Still, I hesitated to reveal too much about some of the less-than-honest bosses I’ve reported to in the last two decades.
These are bosses who lied, gossiped about their staff to other staff, broke confidences, fudged numbers to governmental agencies, botched payroll tax withholdings and covered it up, and willfully and recklessly turned a blind eye to leadership abuse — for starters.
Well, outstanding debt is debt you owe to a creditor or multiple creditors. Outstanding debt can be on a credit card, loan or student loan. ... If the amount you owe is close to your credit limit that is likely to have a negative effect on your score.
