INTERMEDIATE ACCOUNTING(EBOOK-W/WILEY+)
17th Edition
ISBN: 9781119614142
Author: Kieso
Publisher: WILEY
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Hannah Brooks receives a travel allowance of $220 each week from her company for time away from home. If this allowance is taxable and she has a 25 percent income tax rate, what amount will she have to pay per year in taxes for this employee benefit? a. $5250 b. $5500 c. $2,860 d. $4880
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