Gregory receives 100 shares of stock from his employer as a year-end bonus.The fair market value of the stock should be included in Gregory's income for the year.

Question

Quizplus · Accepted Answer

When an employer provides an employee with stocks, the fair market value of the stocks is considered taxable income for the employee and needs to be included in their income for the year.

Gregory Receives 100 Shares of Stock from His Employer as a Year-End