Ming,who has been employed by the Frostine Corporation for five years,receives a $400 Amazon.com gift card for his years of hard work.The employee service award is taxable.

Name: Ming,who has been employed by the Frostine Corporation for five years,receives a $400 Amazon.com gift card for his years of hard work.The employee service award is taxable.
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Question

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Employee service awards, including gift cards, are taxable and considered as income by the IRS.

Ming,who Has Been Employed by the Frostine Corporation for Five