Question: Mike is working his way throughcollege and trying to make ends meet. Tara, a friend, is graduatingsoon and tells Mike about a really great job opportunity. She isthe onsite manager for an apartment complex catering to students.The job entails working in the office for about 10 hours a week,collecting rent each month, and answering after-hours emergencycalls. The pay is $10 per hour, plus a rent-free apartment (worthabout $500 per month). Tara then tells him the best part: therent-free apartment is tax-free. Knowing that you are a taxstudent, Mike asks you if the rent-free apartment is reallytax-free or if Tara is mistaken.
Explain to Mike whether the compensation for the apartment isreally a nontaxable fringe benefit.
Least 250 Words in current APA format,citations and references.
Question: Mike is working his way throughcollege and trying to make ends meet. Tara, a friend, is graduatingsoon and tells Mike about a really great job opportunity. She isthe onsite manager for an apartment complex catering to students.The job entails working in the office for about 10 hours a week,collecting rent each month, and answering after-hours emergencycalls. The pay is $10 per hour, plus a rent-free apartment (worthabout $500 per month). Tara then tells him the best part: therent-free apartment is tax-free. Knowing that you are a taxstudent, Mike asks you if the rent-free apartment is reallytax-free or if Tara is mistaken.
Explain to Mike whether the compensation for the apartment isreally a nontaxable fringe benefit.
Least 250 Words in current APA format,citations and references.
