This year Joseph joined the board of directors. Besides his director's fees, Joseph received the following employee benefits: The stock bonus consisted of 5,000 shares of Bell stock given to Joseph as compensation. At thetime of the transfer the stock was listed at $4 per share. What amounts, if any, should Joseph include in gross income this year?

Question

This year Joseph joined the board of directors. Besides his director's fees, Joseph received the following employee benefits:  The stock bonus consisted of 5,000 shares of Bell stock given to Joseph as compensation. At thetime of the transfer the stock was listed at $4 per share. What amounts, if any, should Joseph include in gross income this year?

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The Answer of This year Joseph joined the board of directors. Besides his director's fees, Joseph received the following employee benefits:  The stock bonus consisted of 5,000 shares of Bell stock given to Joseph as compensation. At thetime of the transfer the stock was listed at $4 per share. What amounts, if any, should Joseph include in gross income this year?

This Year Joseph Joined the Board of Directors