Jane is an employee of Rohrs Golf Emporium. The shop allows employees to purchase equipment at significant discount. This year Jane purchased several new items to improve her game. $$\begin{array} { | l | l | l | l | }
\hline \text { Model } & \text { FMV } & \text { Dealer cost } & \text { Employee Price } \
\hline \text { Driver } & \$ 600 & \$ 400 & \$ 450 \
\hline \text { Irons } & \$ 1,200 & \$ 700 & \$ 800 \
\hline \text { Balls } & \$ 80 & \$ 75 & \$ 70 \
\hline \text { Bag } & \$ 250 & \$ 175 & \mathbf { \$ 2 0 0 } \
\hline
\end{array}$$ If the employer's average gross profit percentage is 30 percent, what amount must Jane include in income?

Question

Jane is an employee of Rohrs Golf Emporium. The shop allows employees to purchase equipment at significant discount. This year Jane purchased several new items to improve her game. $$\begin{array} { | l | l | l | l | } 
\hline \text { Model } & \text { FMV } & \text { Dealer cost } & \text { Employee Price } \
\hline \text { Driver } & \$ 600 & \$ 400 & \$ 450 \
\hline \text { Irons } & \$ 1,200 & \$ 700 & \$ 800 \
\hline \text { Balls } & \$ 80 & \$ 75 & \$ 70 \
\hline \text { Bag } & \$ 250 & \$ 175 & \mathbf { \$ 2 0 0 } \
\hline
\end{array}$$ If the employer's average gross profit percentage is 30 percent, what amount must Jane include in income?

Quizplus · Accepted Answer

The Answer of Jane is an employee of Rohrs Golf Emporium. The shop allows employees to purchase equipment at significant discount. This year Jane purchased several new items to improve her game. $$\begin{array} { | l | l | l | l | } 
\hline \text { Model } & \text { FMV } & \text { Dealer cost } & \text { Employee Price } \
\hline \text { Driver } & \$ 600 & \$ 400 & \$ 450 \
\hline \text { Irons } & \$ 1,200 & \$ 700 & \$ 800 \
\hline \text { Balls } & \$ 80 & \$ 75 & \$ 70 \
\hline \text { Bag } & \$ 250 & \$ 175 & \mathbf { \$ 2 0 0 } \
\hline
\end{array}$$ If the employer's average gross profit percentage is 30 percent, what amount must Jane include in income?

Jane Is an Employee of Rohrs Golf Emporium If the Employer's Average Gross Profit Percentage Is 30 Percent