Benedict Serves in the U

question 357

Essay

Benedict serves in the U.S. Congress. In the current year, a lobbyist paid for Benedict to take a one- week vacation to Bermuda. Benedict did not incur any expense for the trip. What income tax issues should Benedict consider?

---

Definitions:

Duties

Obligations or responsibilities that are required to be fulfilled under the law or by agreement.

Lifeguard

A person trained and employed to prevent accidents and rescue swimmers in a swimming pool, water park, or beach.

Rescission

The act of revoking, canceling, or repealing a contract, returning all parties to their positions prior to the agreement.

Mutual Agreement

An understanding or contract reached between two or more parties, often formalized by a document, indicating a concurrence of wills or intentions.