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Jose is a graduate assistant at a State University

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Question;Jose is a graduate assistant at a State University. He receives $7,000 a year in salary. In addition, tuition of $4,000 is waived. The tuition waiver is available to all full- and part-time employees. The fair market value of Jose's services is $10,000. Explain how much Jose is required to include in his gross income and why. Indicate the source of your conclusion

 

Paper#48451 | Written in 18-Jul-2015

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