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Andrea receives 1000 of her wages in Cryptocurrency. How should her employer report this payment

Andrea receives 1000 of her wages in
Cryptocurrency. How should her employer report this payment
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If there are options for selections with question, then answer wording can be slightly different: Solution: Answer: Fair value of currency will be reported on form W-2 as taxable income on payment date Explanation: It is standardized to report Cryptocurrency payment on form W-2 at fair value as taxable income This fair value will be subject to income and payroll withholding and taxes

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