Sophia, Single, Is a Employee of JWH Consulting Company

question 55

Multiple Choice

Sophia, single, is a employee of JWH Consulting Company. She incurs $5,000 of valid entertaining expenses for which she receives no reimbursement. How much would she benefit from being reimbursed by JWH rather than deducting the expenses on her tax return? Her annual salary is $100,000, and she has other itemized deductions of $6,000.

• A) $3,600
• B) $4,160
• C) $4,720
• D) $4,860
• E) $5,000

---

Definitions:

Corporate Philanthropy

The act of corporations donating some of their profits, or their resources, to charitable causes.

Delay Gratification

The ability to resist the temptation for an immediate reward and wait for a later, often greater, reward.

Maturation

The process of biological growth and development, especially the changes that occur in human life from birth to adulthood.

Empathy

The ability to understand and share the feelings of another.