1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hichkok12 [17]
3 years ago
9

James is employed by a large corporation with 400 employees. The corporation provides its employees with a no-cost gym membershi

p in their building. The value of the membership is $60/month . The gym is used exclusively by the employees and their families. How much, if any, must James include in his yearly gross income related to this fringe benefit?
$0.

$60.

$600.

$720.
Business
1 answer:
Ostrovityanka [42]3 years ago
7 0

Answer:

$0

Explanation:

James should not include any amount related to this fringe benefit in his yearly gross income. Since the employer provides the benefit in their own premises, and the gym is of exclusive use of employees and their families, employees are exempt of including their gym fees in their yearly gross income. If this was a public gym, then the full amount of the yearly membership would have to be included.

You might be interested in
Describe a presentation or a briefing you have conducted recently. how did you adapt it to your public? how did your auditors re
Lemur [1.5K]

Recently I conducted a presentation to an audience composed mostly of teenager about the importance of team work. It took place at the American Corner of the State Library. It comprised of about 50 teenagers from various states.

<h3>How did you adapt it to your public?</h3>

Because they were teenagers, I used words that were more suited to their generation.

Because it was a pseudo (or semi) formal presentation, I was free to use words such as;

  • Do.pe - cool or awesome
  • Gucci - Good, cool, or going well.
  • Lit - amazing

<h3>How did your auditors react? what did you get out of it?</h3>

The auditors were well informed about what I was doing so they welcomed it a a good idea.

The objective was to  be able to communicate to them in a way that showed that the presenter understood them.

This helped the presenter to connect as well as communicate effectively.

Learn more bout presentation at;
brainly.com/question/24653274
#SPJ1

3 0
2 years ago
Nelson Mfg. owns a manufacturing facility that is currently sitting idle and is debt-free. The facility is located on a piece of
rodikova [14]

Answer:

The total cost to include in any project analysis should be $1,700,000, which can be apportioned as follows:

Land = $159,000/$617,000 * $1,700,000 = $438,088

Facility = $458,000/$617,000 * $1,700,000 = $1,261,912

Explanation:

The fair market values of the Land and Facility are $438,088 and $1,261,912, being the amounts at which the land and facility could be sold together to obtain $1,700,000.

In project analysis, the relevant cost to include is not the sunk cost of $617,000 ($159,000 and $458,000), but the opportunity cost.

$1,700,000 represents the opportunity cost.

The opportunity cost is the cost that would have been incurred assuming that the land and facility were sold at the first bid.  This represents the bid price for the land and facility.

5 0
3 years ago
Mike Hansen has adjusted gross income of $82,000. During the year, Mike decided he needed a larger home. He purchased a home on
viktelen [127]

Answer: $0

Explanation: The total amount of an individual's Gross income which is taxed is called the taxable income. An individual's Adjustable Gross Income may include expenses such as charitable contribution, mortgage interest, medical and some other eligible expenditure which are are deducted in other to lessen the taxable income of such individual. Such deductions are called the Itemized deductions.

However, personal expenses DO NOT CONTRIBUTE to an individual's Itemized deduction and as such, MIKE HANSEN'S ITEMIZED DEDUCTION IS ZERO.

The $6000 incurred is classed under personal expenditure and is not deductible.

6 0
3 years ago
Which of the following items would MOST likely be enforced by the forced sale of a property?
Murrr4er [49]

A property is a belong of any person. The items would most likely be enforced by the forced sale of a property is judgment.

<h3>How are judgments been enforced? </h3>

In terms of wages, a judgment creditor uses authorization from the court in a document.  Due to this authorization, the judgment creditor directs the police to seize a portion of your wages. The police, in turn, notifies the person involved.

This is the same when it comes to property. A judgement by a court often stands in the sales of any property.

Learn more about Property from

brainly.com/question/26136315

4 0
2 years ago
What are the Countries in stage 2 of the demographic transition model
DiKsa [7]

Answer:

there are a number of countries that remain in Stage 2 of the Demographic Transitionfor a variety of social and economic reasons, including much of Sub-Saharan Africa, Guatemala, Nauru, Palestine, Yemen and Afghanistan.

7 0
3 years ago
Other questions:
  • GW Corp. has two shareholders; Devana owns 40 shares and another corporation, Alpine, Inc., owns another 60 shares. Devana is al
    15·1 answer
  • Other administrative workers play key roles in the success of a human services organization. They are the ones who write _____ t
    5·2 answers
  • You are a member of the marketing team at the dannon company, inc. the company makes a variety of yogurt products including one
    11·1 answer
  • Demarco and janine jackson have been married for 20 years and have four children who qualify as their dependents (damarcus, jani
    15·1 answer
  • Due to increased mailing costs the new rate will cost $54 million this is 12.9% more than they paid the previous year. How much
    5·1 answer
  • Which of the following best represents the Plan step in the​ Plan-Do-Check-Act (PDCA)​ cycle? A. Implement the chosen course of
    14·1 answer
  • According to classical macroeconomic theory, changes in the money supply affect: _________.(i) nominal variables, but not real v
    15·1 answer
  • In a move to provide additional sales for U.S. car manufacturers, the White House announced the purchase of 17,600 new fuel-effi
    5·1 answer
  • A production process has two workstations. The first workstation has a capacity of 200 units per hour and the second workstation
    11·1 answer
  • When won’t the CGA apply?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!