A. An income of 25,000 annually is not enough to sustain a household and creditors would be hesitant to loan money to someone without resources to easily repay it.
<h2>John demonstrates the quality of "Leadership".</h2>
Explanation:
The situation here expresses the skill of "Leadership". This is one of the most important soft skill that every individual should possess to have good career growth. Few qualities of good leader are listed below.
- Shows the road map and hand-hold the team to travel
- Manage / avoid conflicts by guiding and monitoring
- Takes the responsibility on his shoulder and making others to get the same feel
- Motivates when there is a fall or setback
- Manages the crisis
Answer:
$4,850
Explanation:
The free passes are customer discounts and does not qualifies for taxable in kind benefits. The $850 is an in-kind benefits and thus must be included in the gross income. Furthermore, the $4,000 fee reduction is all because of the university employment and thus must be included in the gross income.
The $30 worth of personal typing done by Richard's administrative assistant is a third party favor and this favor was not from the employer so it has nothing to do with tax.
The increase in taxable gross income will be as under:
Increase in Taxable Gross Income = $850 + $4,000 = $4,850