# M is employed in the soft drink industry. In addition to his salary, he enjoyed the...

###### Question:

M is employed in the soft drink industry. In addition to his salary, he enjoyed the following benefits paid for by his employer in the current year: Contribution to company pension plan - $5,000; Premium of$300 paid for group term life insurance coverage of $50,000; Annual public transport bus pass -$600. What amount, with respect to the benefits, is included in M’s employment income for tax purposes?

#### Similar Solved Questions

##### On MathCad 1. Define a matrix PQ. component by component, using matrix subscripts, that satisfies the...
on MathCad 1. Define a matrix PQ. component by component, using matrix subscripts, that satisfies the following: Matrix has 2 rows and 4 columns Each matrix element is equal to that element's column number plus its row number (assuming the Mathcad default of columns and rows start counting a...
##### 2. Two solid cylindrical rods AB and BC are wớided together at B and loaded as...
2. Two solid cylindrical rods AB and BC are wớided together at B and loaded as shown. Knowing that the average normal stress must not exceed 180x 10ºPa in rod AB and 155 x10 Pa in rod BC, determine the smallest allowable diameter of AB and BC. O IN 250 SOEN 1...
##### What economic concept would be most closely associated with a situation where an aluminum plant expands its ope...
What economic concept would be most closely associated with a situation where an aluminum plant expands its operations and uses extensive computerization in the production line to reduce per-unit costs of production? Multiple Choice Infrastructure O network effects O human capital O O economies of s...
##### A man is 67 7/18 taller than his son his son is 65 ¾ tall how much taller is the man
A man is 67 7/18 taller than his son his son is 65 ¾ tall how much taller is the man?...
##### Write a step-by-step reaction mechanism for collagen cross-linking via curbodiimide route? Collagen Catoomide R2 CRI NH...
write a step-by-step reaction mechanism for collagen cross-linking via curbodiimide route? Collagen Catoomide R2 CRI NH Collag Collagen-CO,H NH, Collagen Ro...
##### For the interval estimation of u when o is assumed known, the proper 30. distribution to...
For the interval estimation of u when o is assumed known, the proper 30. distribution to use is the standard normal distribution a. b. t distribution with n degrees of freedom c. t distribution with n 1 degrees of freedom d. t distribution with n 2 degrees of freedom...
##### An area would be considered prime for rehabilitation if: Question 11 options: 1) it has convenient...
An area would be considered prime for rehabilitation if: Question 11 options: 1) it has convenient linkages to areas of employment. 2) it has many small buildings. 3) it has many large nonresidential buildings. 4) (1) and (2) only....
##### Characteristics of Production Process Cost Measurement Vince Melders, of EcoScape Company, designs and installs custom lawn...
Characteristics of Production Process Cost Measurement Vince Melders, of EcoScape Company, designs and installs custom lawn and garden labor for installing the systems. EcoScape estimated the following for the year gabion systems for homes and businesses throughout the state. Each bis different reag...
##### Consider the cash flows for the following two projects: n A B 0    -$32,000 -$39,950...
Consider the cash flows for the following two projects: n A B 0    -$32,000 -$39,950 1 $6,600$7,950 2 $9,500$7,900 3 $8,150$6,750 4 $X$6...