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Ostrovityanka [42]
3 years ago
8

This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, th

e company awarded Ed a gold watch worth $250 and a $2,000 cash bonus. What amount must Ed include in his gross income
Business
1 answer:
wlad13 [49]3 years ago
4 0

Answer:

Both of these must be included in the gross income.

Explanation:

The reason is that the employee income that is taxable includes all the benefits in monetary amount and benefits in kind. These benefits are paid to employee as a share of salary to manage his motivation. These incomes must be included in the gross income to calculate his gross income.

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Which of the following most accurately describes one of the powers of stock holdiers
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The powers of stockholders are to be given discounts on the company's products.

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Marie who has been the department manager at Verve, Inc., for five years starts every Monday morning with a 60-minute department
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Jeremy has to continue to save.

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is a seller's obligation to replace or fix a product (or service) that fails to perform as expected within a specified period.
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Seller's obligation to replace or correct a product (or service) that fails to perform as expected within a specified period. To conform with the matching principle, the seller reports the expected warranty expense in the period when revenue from the sale is reported.

<h3>What are sales?</h3>
  • Sales are actions involving the sale of goods or the volume of items sold during a specified time frame.
  • A sale also includes the provision of a service for a fee.
  • In response to an acquisition, appropriation, request, or a direct connection with the customer at the point of sale, the seller or provider of the products or services completes a sale.
  • Title (property or ownership) of the object is transferred, and a price is settled, meaning a price is agreed upon for which the ownership of the item will transfer.
<h3>Why are sales important?</h3>
  • A sale is a transaction in which two or more people trade goods, services, or other assets for cash.
  • Sales often occur when a seller and a buyer exchange items or assets for money or other assets.

Learn more about sales here:

brainly.com/question/15375944

#SPJ4

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