FINA-339 Lecture Notes - Lecture 7: Life Insurance, As Nancy, Gift Card

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Employee vs. self-employed: veronica mows lawns during the summer. In 2015 she was paid directly by homeowners for her work, in some case on the basis of the completed job, in other cases at an hourly rate. However, he is paid at an hourly rate by a lawn maintenance company. Which of the following statements is correct: veronica earns business income and jonathon earns employment income. Veronica will be able to deduct more expenses than jonathon: veronica and jonathon both earn employment income, veronica earns business income and jonathon earns employment income. Indicate which of the following benefits provided by an employer is considered part of employment income: subsidized meals provided in employer facilities, low rent housing. All the employees: payment of the tuition for an employee completing a general interest degree on a received a cash bonus of . part-time basis, a 20 percent discount on the employer"s merchandise, available to all employees.

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