Kathryn is employed by Acme and the company has been very pleased with her performance this year.In December, Kathryn was granted an extra week off with pay (pay for the week totaled $2,000).In addition, Kathryn was given tickets to a football bowl game worth $800 (Kathryn didn't use the tickets-she hates football).At year-end Kathryn was allowed to order new office furniture and Acme told her to take the old office furniture home.The office furniture was originally purchased for $7,000, but it was fully depreciated and only worth about $1,000.Determine the amount Kathryn should include in her gross income.

Question

Quizplus · Accepted Answer

The Answer of Kathryn is employed by Acme and the company has been very pleased with her performance this year.In December, Kathryn was granted an extra week off with pay (pay for the week totaled $2,000).In addition, Kathryn was given tickets to a football bowl game worth $800 (Kathryn didn't use the tickets-she hates football).At year-end Kathryn was allowed to order new office furniture and Acme told her to take the old office furniture home.The office furniture was originally purchased for $7,000, but it was fully depreciated and only worth about $1,000.Determine the amount Kathryn should include in her gross income.

Kathryn Is Employed by Acme and the Company Has Been