This year Joseph joined the board of directors. Besides his director's fees, Joseph received the following employee benefits:
The stock bonus consisted of 5,000 shares of Bell stock given to Joseph as compensation. At the time of the transfer the stock was listed at $4 per share. What amounts, if any, should Joseph include in gross income this year?
Definitions:
Western North Carolina
A region of the state of North Carolina in the United States, characterized by the Appalachian Mountains and known for its natural beauty and outdoor recreational opportunities.
Regulators
Officials or agencies responsible for controlling or supervising a particular activity or area of public interest by establishing guidelines, rules, or laws.
Imperial Officials
Individuals appointed by an empire to govern or administer territories, manage relations, and oversee imperial interests.
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