10.
|
Dontae’s employer has offered him the following employment package. |
|
Salary |
$ 510,000 |
|
Health insurance |
17,500 |
|
Dental insurance |
1,150 |
|
Membership to Heflin Country Club |
17,800 |
|
Season tickets to Atlanta Braves games |
5,500 |
|
Tuition reimbursement for graduate courses |
4,350 |
|
Housing allowance (for a McMansion in his |
39,000 |
|
What is Dontae’s gross income from his employment? |
| Ans Calculation of Gross Income | |
| Salary | $510,000 |
| Membership to Heflin Country Club | 17,800 |
| Season tickets to Atlanta Braves games | 5,500 |
| Housing allowance | 39,000 |
| Gross Income | $572,300 |
| Note:Benefits excluded under section 106 | |
| Health insurance | 17,500 |
| Dental insurance | 1,150 |
| Benefits excluded under section 127 | |
| Tuition reimbursement for graduate courses | 4,350 |
| If any doubt please comment. If satisfied you can rate' | |
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