Discussion One Mod 7
- Due Nov 7, 2019 by 11:59pm
- Points 50
- Submitting a discussion post
- Available Oct 7, 2019 at 12am - Nov 9, 2019 at 11:59pm
Topic
An owner of a 100 unit apartment building lets the apartment manager live in an on site apartment worth $2,000 per month for free. Must the employer include the $2,000 value in the manager's gross pay?
Objectives
What is included in gross income? Is the apartment's value included in the employee's income for tax purposes? What about free meals? A company car? A Rolex watch as a Christmas present?
How about I go to a required business meeting, and stay in a $500 per night Hotel, eat two $700 dollar meals per day, grab a $200 massage, and the business pays for it all? Two nights for a one day meeting, $2,600 for that, plus first class plane travel, Uber rides, and I visited the Zoo before I left and spent $125.00.
Get the apartment right first. Up to 50 points if you figure all this out.
Directions
Provide some wise words in answer to the question(s). Reply to others as you like, or not.
You may want to look at California's DE-44. The IRS has some stuff too. Take a look a t IRS Publication 15-b Links to an external site.
Grade: Any reasonable answer 25 points. A good answer but just cut and paste "I found it" answer 35 points. A good explanation explaining the key legal criteria for the answer earns 50 points.
Netiquette
- Be kind and respectful to others
- Use full sentences
- Avoid jargon and acronyms
- Avoid controversial topics.
- Use language that supports others
Rubric
Find Rubric
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Discussion Post: 1.) Reflects understanding of course materials with complete answers to the questions posed. 2.) Is written in full sentences with few grammatical or spelling errors. 3.) Is completed on time.
threshold:
pts
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Response: 1.) Refers back to the original post and adds a personal perspective. 2.) Is written in full sentences with few grammatical or spelling errors. 3.) Is completed on time.
threshold:
pts
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pts
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Total Points:
20
out of 20
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