James is employed by a large corporation with 400 employees. The corporation provides its employees with a no-cost gym membership at the local public YMCA. The cost of the membership is $60/month, which is completely paid for by James' employer for all employees. How much, if any, must James include in his yearly gross income related to this fringe benefit

Answers

Answer 1

James must include $720 in his yearly gross income related to the fringe benefit.

Where the value of the athletic facilities is to be excluded from an employee's gross income, the facilities must be situated on the employer's business location. Moreover, the athletic facilities must be used exclusively by the employees and their dependents.

Due to the above, James's membership is at a public YMCA, hence taxable.  

Also, James start date with the corporation was not given, he would however receive 12 months of the benefit.

12 × $60 = $720

Therefore, James must include the full cost of $720 paid by his employer in his yearly gross income related to the fringe benefit.

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Related Questions

How to write email asking for further details and paying procedure

Answers

Answer:

considering that an address is not mentioned, following is a letter in regards to payment procedure,

xxx

xxx(address),

To whoever it may concern,

Dear Sir/Madam,

I am writing this letter to you, seeking a few answers in regards to your leaflet.I recently came accross your advertisement for products.

I wanted to inquire in regard to the sauna Belt that ur offering.it was mentioned that a scale is going on till the 31st of January. could you kindly mention the suitable payment procedure for this order.

Thank you,

your sincerely,

shivangi sharma

hope it's helps you....plz mark me as brainlist

Question 56 of 75. Louise is a 29-year-old taxpayer who will use the head of household filing status. Her 2020 modified adjusted gross income is $48,000. During the year, she made a $1,500 contribution to her employer's 401(k) plan. She has never taken a distribution from any retirement plan. The maximum amount Louise may receive for the retirement savings contributions credit (Saver's Credit) is:

Answers

Considering the situation described above, the maximum amount Louise may receive for the retirement savings contributions credit (Saver's Credit) is "$150."

This is because according to the Internal Revenue Service regulations, for individuals filing under the head of household filing status, with an adjusted gross income of $31,876 - $48,750, such person would only be able to receive 10% of his retirement savings contributions credit (Saver's Credit).

Therefore, Louise has only contributed $1,500 to her employer's 401(k) plan. Consequently, she can only receive 10%, which is "$150."

Hence, in this case, it is concluded that the correct answer is "$150."

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Jessie's car broke down, and she needs to borrow money to pay for repairs. She wants to use her car as collateral for a short-term loan. This type of loan is called a ____.

A. title loan
B. line of credit
C. mortgage
D. payday loan

Answers

Jessie wants to use her car as collateral for a short-term loan. This type of loan is called a title loan.

What is title loan?

Title loan is the loan in which assets are required for the collateral, this loan is very popular because it takes very short span of time to get approvals from the financial institute and credit rating is not considered at the time of giving loan.

Thus, option A is correct.

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Write four elements of economic objectives of business ?​

Answers

Profitability, Growth, Stability, Efficiency and Survival

Answer:

the person above this is correct

HELP

When a consumer is making more money, the demand curve shifts to the right. Why is this?

Answers

The demand curve shifts to the right because the consumer is able to afford larger quantities of the product. I believe the answer is C.

What would be the benefit of selling on Friday?

Answers

Answer:

In the U.S, Fridays that are on the eve of three-day weekends tend to be especially good. Due to generally positive feelings prior to a long holiday weekend, the stock markets tend to rise ahead of these observed holidays.

Explanation:

“Friday is the best day to sell” is already marginalised in the Investopedia article dedicated to it[1] .

The assumption “if everyone is selling” cannot be true, when there are only people willing to sell there is no trade, and with that no price.

It same assumption also includes a notion that there are fewer parties that are willing to hold over the weekend than there are willing to sell. In other words: it implies there are more short term traders than long term traders and (buy and hold) investors.

You were hired as a consultant to Giambono Company, whose target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.00%, the cost of preferred stock is 7.50%, and the cost of retained earnings is 11.50%. The firm will not be issuing any new stock. What is its WACC

Answers

Based on the information given the WACC is 12.75%.

Using this formula

WACC = (Weight of debt ×After-tax cost of debt) + (Weight of preferred ×Cost of preferred) + (Weight of common equity × Cost of common equity)

Let plug in the formula

WACC = (0.40× 0.06) + (0.15×0.075) + (0.45 × 0.115)

WACC=0.024+0.01125+0.05175

WACC =0.1275×100

WACC =12.75%

Inconclusion the WACC is 12.75%.

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20 Points
Describe the educational background or training necessary for your chosen career (Doctor).

Answers

Step 1: Earn an Undergraduate Degree

The path to becoming a doctor begins with a bachelor's degree program. There is relative flexibility in the subject studied, but undergraduate schooling for doctors should include a pre-med focus, which ensures that necessary science-based core curriculum is coveLred prior to the candidate's progression to medical school. These programs typically have a heavy focus on biology and chemistry, with plenty of physics, math and English courses to prepare a student to apply to med school.

Step 2: Pass the MCAT2103

The Medical College Admission Test (MCAT) is a multiple choice exam taken before admission into medical school. The MCAT tests an aspiring doctor's knowledge of the physical and biological sciences and verbal reasoning and writing skills. The test is computerized and it takes approximately five hours to complete.

Step 3: Attend Medical School

Doctor education and training continues with medical school. The initial two years are spent in classrooms and laboratories, where students take the necessary courses to prepare them for diagnosing and treating patients. During the second year of doctors' education, students must pass the first of a series of the United States Medical Licensing Examinations, referred to as 'The Boards', which are administered by the National Board of Medical Examiners. During the second half of medical doctor training, prospective doctors practice under the tutelage of attending physicians to learn the realities of practicing medicine. During their fourth year of medical school and first year of residency training, doctors take their remaining medical licensing examinations.

Step 4: Complete Residency Training

In their fourth year of medical school, candidates are paired with a residency training program in a rite of passage called 'Match Day.' Depending upon his or her specialty, a candidate may spend between three and seven years in residency at a medical facility. Beyond taking classes to become a doctor, this gives them on-the-job experience. They work under the direct supervision of an attending physician and focus on practical training in general medicine and their chosen specialty.

Step 5: Get Licensed

In order to become a doctor, a candidate must obtain a license to practice medicine. Requirements for medical licensing differ from state to state and all states issue their own licenses based on state regulations. Licensing generally requires completing medical school and successfully passing all medical licensing examinations.  How many years does it take to become a doctor? It usually takes between 11 and 15 years to meet all the education and training requirements. This includes an undergraduate degree, medical school, and a residency. Once a prospective doctor finishes all the necessary education and physician training, they should see a number of job opportunities, as job growth is expected to rise 13% from 2016-2026 and a rewarding salary should also be anticipated.

Eduardo wants to purchase stock in a company that is headquartered in Australia. Eduardo

Multiple Choice

A. can buy the shares from a broker on a U.S. exchange.

B. cannot legally own the stock of an Australian corporation.

C. will have to place her order through the Sydney Stock Exchange.

D. must obtain an investor visa to complete the purchase.

Answers

The answer is: A - can buy the shares from a broker on a U.S. exchange.

A useful clue about an organization's culture is

Answers

Answer:

Who is Hired and Fired

Explanation:

If this helped, please give brainliest answer! thanks!

IRAC Briefing
BURNETT v. PURTELL
Who were the plaintiff and defendant? Were they merchants?
Describe the sales transaction.
Was there tender of delivery of the goods? Why is this issue important to the outcome of the case?
Who bore the risk of loss when the goods were destroyed?

Answers

no se inglés y tampoco se la respuesta si no si te la hubiera dicho

True or False: The cost per exposure of most online advertising channels is difficult to account for.

Answers

Answer:

True, I just think this is a true thing due to exposure and costs of ads. And how many businesses go outta business.

"The cost per exposure of most online advertising channels is difficult to account for" is a correct statement. Thus, the statement is true.

What is advertising channels?

An advertising channel is any avenue through which a corporation advertises its products and services or informs the public about a campaign. With the introduction of internet technologies to supplement conventional media advertising, the number of channels accessible to marketers has increased dramatically.

Most online advertising channels have a tough cost per exposure to account for since paper ads do not reach individuals who stay at home, but online ads are everywhere on the internet, so if the individual have a cellphone, they will see it. It is also less expensive because on paper more supplies are required, however online you simply need to understand how to program.

Therefore, it can be concluded that the above statement is true.

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what business you want to stablish in the future ? why ?​

Answers

Answer:

Business I want to stablish in the future is a store.

Explanation:

Because many people buy in a store.

i wanted to become a therapist because i wanted to learn about the mind and how to help people

Spontaneous financing refers

Answers

Answer: In business, "spontaneous finance" refers to financing that arises out of regular, day-to-day operations. Unlike with other common sources of financing, such as loans or bonds, obtaining additional spontaneous financing doesn't require any special action by the company; it just "happens," hence the name spontaneous.

Daisy is a director of Extraction Corporation. She opposes an offer to merge Extraction with Fill Inc. because she would lose her board position. Daisy is most likely liable for breach of

Answers

Considering the case about above, Daisy is most likely liable for breach duty of loyalty.

Daisy is been regarded as director of Extraction Corporation, which means she should be loyal to that office by following the protocol in performing tasks.

Duty of loyalty simply implies that individual should be loyal to his or her office by following the ethics of the organization.

Therefore, Daisy breached duty of loyalty because, of her opposition to merge the Extraction.

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20) Tudor's Deli and Catering could have sold their delivery van on December 31, 2010 for $16,000. If they
could sell the same van on December 31, 2011, for $13,000, then the economic depreciation in 2011 for this
van

Answers

Answer:

13000-16000=3000

The property depreciated for 18.75 percent

Question 4
4-1) Consider any organization you are aware of from work, study, or the
media. How do they manage people? Do people in those organizations
feel important?

Answers

Answer:

save the children they aware a lots of people to save thir child future

How will the business function if something happens to one of the key members of the management team?

Answers

By putting together an emergency or a business continuity plan. For example. All sales people in a company will not be allowed to travel on the same plane to the conference location.

When the business function if something happens to one of the key members of the management team so, by creating a company continuity strategy or an emergency plan or replace with another member.

What do you mean by the business function?

An organization's activities are referred to as business functions, and they can be further broken down into core and support functions.

The production of finished goods or services destined for the market or for other parties is one of an enterprise's core business functions.

Because completing the other management functions significantly depends on having a good plan, planning is a crucial management function.

Organizations have closed their doors permanently as a result of poor management. High employee turnover is a direct outcome of poor leadership.

Therefore, when the business function if something happens to one of the key members of the management team so, by creating a company continuity strategy or an emergency plan or replace with another member.

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Consider a property with NOI of $72,000 and a debt coverage ratio of 1.2 applied to first year NOI. What would be the estimated monthly mortgage payment

Answers

Answer:

$10000 per month

Explanation:

I don't know

23-The journal entry to record a payment made on an installment note would include:
a. A debit to Installment Note Payable
b. A debit to Interest Expense
c. A credit to Cash
d. All the above

Answers

The answer would be A

Which amendment to a law made it illegal to discriminate based on pregnancy? Which law was amended?

The (Blank) amendment to the (Blank) law made discrimination based on pregnancy illegal.

First one has a list of these three options.
ADA
PDA
ADEA

Second one has a list of these three options.
Title VII
Title I
Title IV

Answers

Answer:

I believe it's "The PDA amendment to the Title VII law made discrimination based on pregnancy illegal"

Explanation:

Speciality Steel Inc. will manufacture and sell 250,000 units of their product next year. Fixed costs will be $250,000. Variable costs will be 40% of sales. The firm wants to achieve a level of earnings before interest and taxes of $260,000. What selling price per unit is needed to accomplish this

Answers

Based on the amount to be sold and the intended level of earnings, the selling price per unit should be $3.40

The Contribution margin needed is:

= Fixed cost + Required earnings

= 250,000 + 260,000

= $510,000

To get to this amount, the sales should be:

Contribution margin = Sales x ( Selling price - Variable cost)

510,000 = 250,000 × 0.6x

510,000 = 150,000x

x = 510,000 / 150,000

x = $3.40

In conclusion, the selling price is $3.40

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Pie City Pizza and Pizza Palace are rival restaurants in a small town. Pie City Pizza sets its prices below average variable cost for two years. After the second year, Pizza Palace goes bankrupt and exits the market. In the third year, Pie City Pizza raises prices significantly. Pie City Pizza is practicing ________ pricing. g

Answers

Pie City Pizza is practicing Penetration pricing.

Penetration pricing is a pricing strategy where competitors lower the prices of their goods and services to gain ground in the market. After they have captured, the market base, they increase their prices to make their gain.

This can be applied when the company wants to promote its products. In the case of Pie City Pizza, they adopted the penetration pricing system that captured the customers of their competitors.

When the competitors left the market, they increased their prices.

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What were results of the federal government deregulating the airline industry in 1978, known as the Airline Deregulation Act?
(Select all that apply.)
A- Many small airlines went out of business.
B-Consumers gained better (lower) prices for airfare.
C- Large airlines were able to improve productivity.
D-Many small airlines were able to penetrate the market.

Answers

Answer:

A, B, C

Explanation:

Consumers gained better (lower) prices for airfare.Large airlines were able to improve productivity.Many small airlines went out of business.

The results of the federal government deregulating the airline industry in 1978, known as the Airline Deregulation Act, were Many small airlines went out of business. Consumers gained better (lower) prices for airfare. and Large airlines were able to improve productivity. Option a b c are correct answer.

One of the main impacts of airline deregulation was that it led to increased competition in the industry. This increased competition put financial strain on smaller airlines that were not able to compete effectively with larger, more established carriers. As a result, many small airlines went out of business. Option a b c are correct answer.

Airline deregulation opened up the market to more competition, which ultimately resulted in lower airfare prices for consumers. With increased competition, airlines had to offer more competitive pricing in order to attract customers. This gave consumers more options and the ability to find lower-priced flights. Deregulation allowed large airlines to have more flexibility in terms of their routes, pricing, and operations. This led to improved productivity for these larger carriers, as they were able to optimize their operations, streamline processes, and make decisions that were more responsive to market demands.

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3 true statements about recording journal entries in Quickbooks

Answers

Answer:

Explanation:

Journal entries allow you to correct inaccurate information in your accounting records or add transactions that you cannot add in other sections of the software, such as tax adjustments or depreciation expenses.

What are the 3 golden rules?

Golden Rules of Accounting

Debit the receiver, credit the giver.

Debit what comes in, credit what goes out.

Debit all expenses and losses and credit all incomes and gains.

What is one major measure of economic growth?

Answers

Answer:

yo mama

Explanation:

yo mama's so ugly, she made a blind kid cry.

A life-cycle fund holds assets designed to meet the needs of individuals who Group of answer choices will need funds for college costs in 2030 will retire at a particular age believes a recession is eminent plans to retire in 2050

Answers

It should be noted that life-cycle fund holds assets designed to meet the needs of the owner that want to retire at a particular age.

Life-cycle funds can be regarded as an asset-allocation funds, whereby there an adjustment is been done on share of each asset class as the retirement date of the owner is getting closer.

In this case, the percentage of bonds as well as the other fixed-income investments of the owner usually goes up.

Therefore, life-cycle fund is been referred to as assets so that some needs of the owner that is going to retire at a particular age.

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A. Purcha


C. Purchase of in 2018.

Answers

Hell how may I assist you in any way if so ask away in the comments as a fellow Brainly user I am here to help and next time if you will please write a full question so we are able to answer.

responsible for the overall performance of an organization or one of its
major self-contained subunits or divisions.*
General Manager
Functional Manager
Front-line Manager
СЕО

Answers

It is functional manager

Rein Inc. reported deferred tax assets and deferred tax liabilities at the end of 20X3 and at the end of 20X4.
According to Statement of Financial Accounting Standard No. 109 Accounting for Income Taxes, for the year ended 20X4, Rein should report deferred income tax expense or benefit equal to the
A. Sum of the net changes in deferred tax assets and deferred tax liabilities.
B. Increase in the deferred tax liabilities.
C. Amount of the current tax liability, plus the sum of the net changes in deferred tax assets and deferred tax liabilities.
D. Decrease in the deferred tax assets.

Answers

Answer: A

sum of the net changes in deferred tax assets and deferred tax liabilities.

Explanation:

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Which sentence has a misspelled word(A) I asked joey is we could go to the store(B) BUt he said no(But i convinced him to go What is the domain of this function?(9,2)(6,10)(3,9)(5,2) The book of beetles and angelsWhen Haileab first arrived in the United States, he had a. chicken pox b. measles c. malaria d. headaches 5. Given no other restrictions, what are the domain and range of the following function?f(x) = x2 2x + 2OD= all real numbersR = {yl y> 1}OD = {xx> 1}R= all real numbersOD = all real numbersR= {yly0}=R = all real numbers ESSAY: WESTERN POLITICAL THOUGHTHere is your goal for this assignment:Write an essay relating the political thoughts in the Declaration of Independence to the BibleFrom an encyclopedia, the Internet, or another reference, read the second paragraph of the Declaration of Independence.Copy each phrase that you think is part of the tradition of Western political thought (for example "all men are created equal").An essay of 300 words explains how each of these ideas is related to Biblical teaching.Hint: Refer to the lesson "Theory, Practice, and Models" for a list of the Declaration's main thoughts that are a part of the tradition of Western political thought (bottom of page 1). Type your findings using proper grammar, punctuation, and spelling.Proper documentation includes both parenthetical citations within the body of your report anytime you summarize or quote a source, as well as works cited page.will get brainliess why moon will be invisable in a day? Sebastian compares toy car prices at three different store so he can get the best deal for his little brother's Christmas gift. a. Toys R Us 5 cars for $6.25b. Walmart 10 cars for $12.64C. Target-2 cars for $2.76Which store has the best unit rate? How many variables are displayed in a scatterplot?A. One along the x-axis, and one along the y-axisB. One along the x-axis, and two along the y-axisC. Two along the x-axis, and one along the y-axisD. Tel along the x-axis, and two along the y-axis The 17th term of an arithmetic sequence is 30, and the common difference is 4. Find the 16th term30342624 Which dialogue is punctuatedcorrectly?A. The principal said "I am proud of how the studentsdid in the musical"!B. "Me too!" the music teacher replied, "They did agreat job practicing every single day".C. One of the music students called out, "Our teacherwas a big help as well!" How many genes are shared by all viruses? asu; Mis bnuestros, Mis cnuestro; Mi dsus; Mi (4+14) divided by 9 ??????? What did John f Kennedy do? is the interaction of two drugs taken together that enhances the effectiveness of both. Does the following relationship represent a function? The base of a pyramid has n sides.Write an expression for the number of vertices of the pyramid. when did racial enslavement end in the united states? 1. What ___________ do you like? - I like biology, math and physics.A. subject B. subjects C. favorite D. sports How do you show empathy?