the Reverend Morgan received a salary of $42,000. as a full-time minster. On January 1,2019, his...
the Reverend Morgan received a salary of $42,000. as a
full-time minster. On January 1,2019, his church designated $12,000
of his 2018 salary as parsonage allowance.
How much of Rev. Moran's 2018 salary is included in gross income
for income tax?
Homework Answers
All of the salary received by Reverend Morgan will be included in gross income for income tax.
The parsonage allowance will not be available to Reverend Morgan because it was not designated in advance of the salary received.
Therefore, the answer is $42,000.
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