On December 24 of the Current Year, Louise Is Given

question 49

Essay

On December 24 of the current year, Louise is given a certificate by her employer entitling her to $1,500 worth of lodging at a Vail Village resort. The certificate states that it represents a "thank you" for graciously taking care of some client problems that were beyond the scope of normal business activities. The certificate is nontransferable. How much gross income must Louise recognize in the current year due to the certificate? Explain.

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Definitions:

Race

A social construct that categorizes people based on physical characteristics such as skin color, as well as cultural, historical, and geographical factors.

Human Rights

The basic rights and freedoms that all individuals are entitled to, regardless of nationality, sex, national or ethnic origin, race, religion, language, or other status.

Black Boy

A term sometimes used historically to refer to young African American males, but also the title of an autobiography by Richard Wright detailing African American life in the early 20th century.

Uncle Tom's Children

A collection of novellas by Richard Wright, dealing with the struggles of African Americans in the United States against racism and injustice.