ewel Lyman is an employee in the office of Salvaggio & Wheelers, Attorneys at Law. She received the following benefits during 2018 Medical insurance: $250 per month . Commuter pass: $500 per year Employer-paid membership to Anytime Gym: $75 per year . Dependent care assistance: $3,600 per year Required: What is the total taxable amount for Jewel's 2018 benefits? Answer is complete but not entirely correct. Total taxable amount $6750
ewel Lyman is an employee in the office of Salvaggio & Wheelers, Attorneys at Law. She received the following benefits during 2018 Medical insurance: $250 per month . Commuter pass: $500 per year Employer-paid membership to Anytime Gym: $75 per year . Dependent care assistance: $3,600 per year Required: What is the total taxable amount for Jewel's 2018 benefits? Answer is complete but not entirely correct. Total taxable amount $6750
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 51P
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Question
Transcribed Image Text:Jewel Lyman is an employee in the office of Salvaggio & Wheelers, Attorneys at Law. She received the following benefits during 2018:
Medical insurance: $250 per month
. Commuter pass: $500 per year
Employer-paid membership to Anytime Gym: $75 per year
Dependent care assistance: $3,600 per year
Required:
What is the total taxable amount for Jewel's 2018 benefits?
Answer is complete but not entirely correct.
Total taxable amount
$6750
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