Question

during 2019, Maggie received from her current employer:

• A 400 gift card for amazon,
• A 600 reclining easy chair for outside customer service during the year
• A set of coffee mugs with the employers logo etched on the side. These mugs cost the employer 20.
• An easter basket of treats valued at 245.
• And cash reward of 300 for 10 years of service.

What is the amount that will be included in Maggies 2019 income tax purposes due to the gifts?

A) 800

B) 1000

C) 1300

D) 700

Answer 1

the hall for Outside customer service → Gift Cards are money and are cons icte taxable income < Reclining easy chair for Outside CUSTO is considered as taxable income received ---) A Set Of Coffee mugs received from the employer which cost to employer zo is not considered as taxable income - An easter basket Of treats cannot be considered as taxable income Cash rewards are money received and shall be considered as taxable income. Total Taxable income = 400+600 + 300 = 1,300 Option''