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
Sidana [21]
3 years ago
15

The First Chance Casino has gambling facilities, a bar, a restaurant, and a hotel. All employees are allowed to obtain food from

the restaurant at no charge during working hours. In the case of the employees who operate the gambling facilities, bar, and restaurant, 60% of all of Casino's employees, the meals are provided for the convenience of the Casino. However, the hotel workers, demanded equal treatment and therefore were also allowed to eat in the restaurant at no charge while they are at work. Which of the following is correct?A) All the employees are required to include the value of the meals in their gross income.B) Only the restaurant employees may exclude the value of their meals from gross income.C) Only the employees who work in gambling, the bar, and the restaurant may exclude the meals from gross income.D) All of the employees may exclude the value of the meals from gross income.E) None of the above.
Business
1 answer:
jenyasd209 [6]3 years ago
4 0

Answer:

D) All of the employees may exclude the value of the meals from gross income.

Explanation:

Meals provided at the workplace (in this case the casino) by the employer are nontaxable fringe benefits. This means that the employees are not required to include them as part of their gross income.

Also, if the providing the meals benefits the employer, they can deduct 50% of the cost.

You might be interested in
PLs sum body help me with getting my man bck
OLga [1]

Answer:

You have to show him you really want him back. If you really like him, you have to fight for him. (not literally. that'll put you in Subject: Psycho at the Insane Asylum) You have to show him you care and that whatever happened to make him want to leave you shouldn't keep you two apart. And if you do take my advice, show him that you wanted him back so bad you resorted to Brainly. And make sure to tell him to say thank you to me for giving him the love of his life back cause im sure you're a good one since you care so much! GO GET HIM, TIGER  

8 0
3 years ago
Which type of research is not for commercial potential
Reptile [31]

Explanation:

Basic research

This research is conducted largely for the enhancement of knowledge and is research which does not have immediate commercial potential.

8 0
3 years ago
Phoenix Company’s 2017 master budget included the following fixed budget report. It is based on an expected production and sales
djverab [1.8K]

Answer:

According to the flexible budget, income from operations will increase from $557,000 to $915,000 if the units sold increase from 15,000 to 18,000 during 2017.

Explanation:

sales revenue should increase to                         $4,050,000

cost of goods sold should increase to:                ($2,237,000)

  • direct materials $1,260,000
  • direct labor $180,000
  • machinery repairs $54,000
  • depreciation (fixed) $315,000
  • utilities $228,000
  • management salaries $200,000

gross profit                                                              $1,813,000

S&A expenses increase to:                                   ($898,000)

  • packaging $72,000
  • shipping $108,000
  • sales salaries (fixed) $260,000
  • advertising expense (fixed) $127,000
  • adm. salaries (fixed) $241,000
  • entertainment (fixed) $90,000

income from operations                                          $915,000

4 0
3 years ago
What do consumers do after making a purchase?
anygoal [31]
Probably evaluate the purchase. Common sense here.
8 0
3 years ago
Emily/red sued document security company, alleging he had suffered injuries to his hands as a result of attempting to fix a jam
Darya [45]
<span>Emily has no case as Toyosan's safety equipment (the airbag) deployed correctly. The safety equipment is there to save lives and reduce serious injury, not eliminate damage completely. Emily would need to sue the driver that caused the accident.</span>
5 0
3 years ago
Other questions:
  • (a) What is the present value of $34,900 due 9 periods from now, discounted at 9%? (Round answer to 2 decimal places, e.g. 25.25
    8·1 answer
  • Serene City enacts an ordinance that bans the use of "sound amplifying systems" on public streets. Tyler wants to campaign for a
    7·1 answer
  • "An insured has an $80,000 dwelling policy with a $500 deductible. In addition to the house, the property includes a detached ga
    13·1 answer
  • Units to Earn Target Income Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. Unit variable
    15·1 answer
  • "Discuss the financial and operational implications for airlines as they try to offer the newest technology services?"
    6·1 answer
  • There are two employers in Bucolic that hire people who do not have a high school degree: a grocery store and a hardware store.
    15·1 answer
  • California has an average rainfall of 3 inches for the month of January. This year California had over 12 inches, which is equiv
    11·1 answer
  • What is the primary purpose of insurance? A) To pay for your mistakes B) To take money away from you C) To protect you against a
    15·2 answers
  • Profiteer ltd reported retained earnings of r100000 and r80000 in therir statement of financial positionn for the years 2011 and
    11·1 answer
  • Why would it be helpful for you to study ethics in short periods of time rather than long periods
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!