Determine the cost of parking


Response to the following problem:

Jean's employer pays her $200 each month to cover the cost of parking near a rail station where Jean catches the train to work. Jean is the CEO of the company, and she is the only employee who receives these benefits. The discrimination rule applies to this type of fringe benefit, and accordingly, Jean must include the entire cost of the parking in her gross income.

 

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Taxation: Determine the cost of parking
Reference No:- TGS02109200

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