contestada

John Cotton is an employee at Radiance Senior Living. He received the following benefits from his employer during 2021 on the company’s location for company purposes:Personal protective equipment: $140 per monthEmployer-provided cell phone: $80 per monthMeals: $160 per month

What amount of these benefits is taxable for 2021?

Respuesta :

abiolataiwo2015

The  amount of these benefits that is taxable for 2021 is $1,680.

Benefits that is taxable for 2021

The Benefits that is taxable for 2021  is Personal protective equipment of the amount of $140 per months.

Hence:

Taxable benefit=$140×12 months

Taxable benefit=$1,680

Therefore the  amount of these benefits that is taxable for 2021 is $1,680.

Learn more about Benefits that is taxable for 2021 here:https://brainly.com/question/26652580

#SPJ1

Otras preguntas