James, a Cash Basis Taxpayer, Received the Following Compensation and Fringe

question 133

Multiple Choice

James, a cash basis taxpayer, received the following compensation and fringe benefits in the current year:
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His actual salary was $72,000. He received only $66,000 because his salary was garnished and the employer paid $6,000 on James's credit card debt he owed. The wage continuation insurance is available to all employees and pays the employee three-fourths of the regular salary if the employee is sick or disabled. The long-term care insurance is available to all employees and pays $150 per day towards a nursing home or similar facility. What is James's gross income from the above?

• A)$66,000.
• B)$72,000.
• C)$73,000.
• D)$75,000.
• E)None of these.

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Definitions:

Qualitative Evaluation

An assessment method focusing on descriptive and thematic analysis rather than numerical data to understand phenomena.

Incorporating Theory

The process of including and integrating established theories into new or existing frameworks or models to enhance explanation, prediction, or understanding.

Design of Interventions

Refers to the systematic process of developing strategies or programs intended to address specific problems or conditions, often used in public health, education, or psychology.

Program Logic Model

A systematic and visual way to present and share the understanding of the relationships among the resources, activities, outputs, and anticipated outcomes of a program.