Carol was an employee during 2019 with the following income and benefits received from her employer: Salaries - $60,000 Bonus accrued in 2019 by employer but paid to Carol in 2020 - $5,500 Private health services plan paid by employer - $500 What is Carol’s total employment income that will be reported from her employer in 2019?
Carol was an employee during 2019 with the following income and benefits received from her employer: Salaries - $60,000 Bonus accrued in 2019 by employer but paid to Carol in 2020 - $5,500 Private health services plan paid by employer - $500 What is Carol’s total employment income that will be reported from her employer in 2019?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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- Carol was an employee during 2019 with the following income and benefits received from her employer:
Salaries - $60,000
Bonus accrued in 2019 by employer but paid to Carol in 2020 - $5,500
Private health services plan paid by employer - $500
What is Carol’s total employment income that will be reported from her employer in 2019? ______________
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