Ashley is a marketing rep in the electronics division of XYZ Company, earning an annual...

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Finance

Ashley is a marketing rep in the electronics division of XYZ Company, earning an annual salary of $60,000. She receives multiple company benefits, including life insurance coverage equal to two times her salary; two weeks of vacation; a company car for travel to sales presentations; quarterly bonus payouts; and a laptop computer for her personal use. Of the benefits listed, which of these is exempt from income taxation for Ashley?
A)
Quarterly bonus payouts
B)
The vacation time
C)
The total amount of life insurance coverage
D)
Use of the company car

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