Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. rev. carla fitzgerald is a full-time minister. the

Rev. Carla Fitzgerald is a full-time minister. The church allows her to use a parsonage...

60.1K

Verified Solution

Question

Accounting

image
Rev. Carla Fitzgerald is a full-time minister. The church allows her to use a parsonage that has an annual fair rental value of $26,000. The church pays her an annual salary of $69,000, of which $6,500 is designated for utility costs. Her actual utility costs during the year were $6,000. How much income will Rev. Fitzgerald report for income tax purposes? $63,000 $69,500 $75,000 $75,500 Mark for follow up

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

A random sample of 89 tourist in the Chattanooga showed that they spent an average of...

Basic Math
1.2K views

8.29 In a survey of 1,003 adults concerning complaints about restaurants, 732 complained about dirty or...

General Management
1.2K views

Ocean park SWOT on leadership style - Strength - Weakness - Opportunities - Threats

Basic Math
1.2K views

Consider two fire towers in the Canadian wilderness Tower B is 40 miles due East...

Basic Math
1.2K views

10 ft 8 ft 6 ft Find the area of this figure Round your answer...

Accounting
1.2K views

Exercise 2-6 972 Company acquired all the net assets of Succo...

Accounting
1.2K views

company a has two subsidiaries, s1 and s2, and two associates, as1 and as2. company...

Accounting
1.2K views

Portions of the financial statements for Clear Transmissions Company are provided below: Required: Prepare...

Accounting
1.2K views

Ccarrolls universal live contract does not meet the statutory definition of life insurance how much...

Accounting
1.2K views

need help with table Suit You skloped this question in...

Finance
1.2K views

PRICE SHARES Company A B C A B C Day 1 $13 $24 $54 530...

Finance
1.2K views

Please male sure the answer is correct and explain how you got it, thanks! ...