Solved: Determine the gross income from employment, Taxation

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Determine the gross income from employment

Response to the following problem:

Dontae's employer has offered him the following employment package. What is Dontae's gross income from his employment?

Salary $400,000

Health Insurance 10,000

Dental Insurance 1,500

Membership to Heflin Country Club 20,000

Season tickets to Atlanta Braves games 5,000

Tuition reimbursement for graduate courses 4,000

Housing allowance (for a McMansion in his neighborhood of choice) 40,000

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Taxation: Determine the gross income from employment

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Taxation: Determine the gross income from employment

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