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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 $355 and a $2,970 cash bonus. What
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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 $355 and a $2,970 cash bonus. What amount must Ed include in his gross income

User Matt Mazzola
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Answer:

Follows are the solution to this question:

Step-by-step explanation:

The gross profits would include the award won by the employee as a $2,970 cash bonus. $355 gold watch won't be provided Registered in the employee's gross salary.

User Mhlester
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