FINANCIAL ACCOUNTING: TOOLS FOR BUSINES
FINANCIAL ACCOUNTING: TOOLS FOR BUSINES
9th Edition
ISBN: 9781119595649
Author: Kimmel
Publisher: WILEY
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Kay works in an insurance office and in 2013 was provided with uniforms by her employer which cost $15,000. Which of the following tax treat of the uniform allowance is incorrect? A.Any amount exceeding $5739 is taxable at a rate of 25% B.She cannot claim uniform and laundry allowance C.The amount is added to her salary and taxed at 25% D.If the company provided uniform allowance, then it would regarded as a taxable benefit
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Steven works in an insurance office and in 2013 was provided with uniforms by her employer which cost $15,000. Which of the following tax treat of the uniform allowance is incorrect? A. Any amount exceeding $5739 is taxable at a rate of 25% B. She cannot claim uniform and laundry allowance C.The amount is added to her salary and taxed at 25% D. If the company provided uniform allowance, then it would regarded as a taxable benefit
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