Taylor works for a shoe store in the mall he earned 25000 in

Taylor works for a shoe store in the mall. he earned 25000 in wages during the year. also, because the store had a cask flow problem in June, Taylor did not receive his 500 weekly check but instead was given a credit for 500 splat on the purchase is shoes for him and his family. how much income should be shown ibwont the box 1 of his form w-2 and reported on his tax return as wages?
a) 25000
b) 24000
c) 24500
d) 25500

Solution

Answer :- Option a). 25000.

Explanation :- Taylor will show the entire wages amounting to $ 25000 in the box 1 of his form W-2 in the given question.

Taylor works for a shoe store in the mall. he earned 25000 in wages during the year. also, because the store had a cask flow problem in June, Taylor did not rec

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