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Stanley is an executive for the Elegant Furniture Manufacturing Company. Stanley purchased furniture from the company for $2,000, the price Elegant ordinarily charges a wholesaler. The retail price of the furniture was $4,000. The company also paid for Stanley's parking space in a garage near the office. The parking fee was $1,500 for the year. Only highly compensated employees are allowed to buy furniture at the wholesaler's price. In addition, the company does not pay other employees' parking fees. what is Stanley's gross income from the above ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M952441

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