Lisa is a CPA who works for a public accounting firm. How much of the following fringe benefits are EXCLUDED from her gross income if paid for or provided by her employer? Membership in AICPA $ 300 Subscription to a manufacturing association journal (she has several clients in manufacturing) 110 Mobile Phone (entire year of usage) 1,30O Personal photocopying on office machine 15 Coffee and donuts at monthly meeting 80 Membership in state CPA association 150 Reimbursements for child care expenses 2,000 a. $655 b. $1,955 c. $2,655 d. $3,955

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Lisa is a CPA who works for a public
accounting firm. How much of the following
fringe benefits are EXCLUDED from her gross
income if paid for or provided by her
employer? Membership in AICPA $ 300
Subscription to a manufacturing association
journal (she has several clients in
manufacturing) 110 Mobile Phone (entire year
of usage) 1,300 Personal photocopying on
office machine 15 Coffee and donuts at
monthly meeting 80 Membership in state
CPA association 150 Reimbursements for child
care expenses 2,000
a. $655
b. $1,955
c. $2,655
d. $3,955
Transcribed Image Text:Lisa is a CPA who works for a public accounting firm. How much of the following fringe benefits are EXCLUDED from her gross income if paid for or provided by her employer? Membership in AICPA $ 300 Subscription to a manufacturing association journal (she has several clients in manufacturing) 110 Mobile Phone (entire year of usage) 1,300 Personal photocopying on office machine 15 Coffee and donuts at monthly meeting 80 Membership in state CPA association 150 Reimbursements for child care expenses 2,000 a. $655 b. $1,955 c. $2,655 d. $3,955
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