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FACTS for Question 33-36 Pam Smith, age 45, is a full time employee of Seven Springs Resort which provides recreational services (golf, skiing etc.) to the public. In addition to her salary of $60,000 Seven Springs provides a menu of fringe benefits to its employees. You are Pam's tax advisor. For each fringe benefit discussed below, please determine the dollar amount, if any, that will be included in Pam's gross income. To say that a benefit is included in Pam's gross income means that it is taxable and will be imputed into her taxable wages reported on Form W-2. 33. Seven Springs provides an employer-sponsored medical & dental insurance plan for all employees. The total annual premium is $10,800, of which Pam pays $1200 and Seven Springs pays $9,600 in premiums. Her annual deductible is $500 for medical & $300 for dental. What is the amount of income, if any, included in Pam's Form W-2 on an annual basis from this fringe benefit? a. $-0- b. $ 300 c. $500 d. $ 9.600 e. $10,800 34. All employees who work at Seven Springs receive a season skipass at no cost to the employee. Seven Springs incurs no additional operating cost to offer this benefit. Employees can use the season pass anytime on the roughly 100 days that the resort is open. Pam uses her pass 20 times during the season. The cost of an adult season ticket to an outside customer is $900. What is the amount of income, if any, to be included in Pam's Form W-2 on an annual basis from this fringe benefit? FACTS for Question 33-36 Pam Smith, age 45, is a full time employee of Seven Springs Resort which provides recreational services (golf, skiing etc.) to the public. In addition to her salary of $60,000 Seven Springs provides a menu of fringe benefits to its employees. You are Pam's tax advisor. For each fringe benefit discussed below, please determine the dollar amount, if any, that will be included in Pam's gross income. To say that a benefit is included in Pam's gross income means that it is taxable and will be imputed into her taxable wages reported on Form W-2. 33. Seven Springs provides an employer-sponsored medical & dental insurance plan for all employees. The total annual premium is $10,800, of which Pam pays $1200 and Seven Springs pays $9,600 in premiums. Her annual deductible is $500 for medical & $300 for dental. What is the amount of income, if any, included in Pam's Form W-2 on an annual basis from this fringe benefit? a. $-0- b. $ 300 c. $500 d. $ 9.600 e. $10,800 34. All employees who work at Seven Springs receive a season skipass at no cost to the employee. Seven Springs incurs no additional operating cost to offer this benefit. Employees can use the season pass anytime on the roughly 100 days that the resort is open. Pam uses her pass 20 times during the season. The cost of an adult season ticket to an outside customer is $900. What is the amount of income, if any, to be included in Pam's Form W-2 on an annual basis from this fringe benefit

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