Hestia (age 17) is claimed as a dependent by her parents, Rhea and Chronus. In 2022, Hestia received $1,000 of interest income rom a corporate bond that she owns. In addition, she has earned income of $200. What is her taxable income for 2022? Multiple Choice

Q: Gadubhai

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Q: Explain an example of source documents.

A: Source documents: The documents which contain evidence of accounting data to record the transactions…

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.