This year ed celebrated his 25th year as an employee of designer jeans company. in recognition of his long and loyal service, the company awarded ed a gold watch worth $250 and a $2,000 cash bonus. what amount must ed include in his gross income?
a. $2,250
b. $2,000
c. $250
d. zero if ed offers to contribute his watch and bonus to a qualified charity
e. zero - all employee awards are excluded from gross income
Answers: 1
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This year ed celebrated his 25th year as an employee of designer jeans company. in recognition of hi...
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