Kenen Wiseman is an employee of Dimenionworks Designs in New Mexico. She received the following achievement awards from her employer during 2019: Best safety plan: Santa Fe County: $1,460 To emergency plan layout, New Mexico: $1,925 Ten-year employee award: $815 The achievement awards are eligible under qualified plan. Required: How much of her achievement award income is taxable?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Kenen Wiseman is an employee of Dimenionworks Designs in New Mexico. She received the following achievement awards from her employer during 2019:

  • Best safety plan: Santa Fe County: $1,460
  • To emergency plan layout, New Mexico: $1,925
  • Ten-year employee award: $815

The achievement awards are eligible under qualified plan.

Required:

How much of her achievement award income is taxable?

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