An employee may exclude up to a 40 percent employer-provided discount on services.

Shaun is a senior student who has received an athletic scholarship to Notre Dame. This year, the scholarship paid $14,000 for tuition, $2,500 for fees, and $1,000 for books. In addition, Shaun received free room and board, which normally costs $12,000 per an academic year. In exchange for these scholarship benefits, Shaun was required to counsel incoming freshmen scholarship athletes to help them adjust to the demands of both school and competitive intercollegiate sports. How much is included in Shaun’s gross income this year?

The Registered Nurse (RN) just received shift report from the night shift on 4 clients. Which client would the nurse see first?

If no one qualifies as the dependent of an unmarried taxpayer, the unmarried taxpayer may still be able to qualify for the head of household filing status. 

Ethan entered and competed in the annual Austin Marathon this year and won a $25,000 prize for fastest wheelchair entrant. Ethan indicated that he would transfer the prize to the local hospital once he had received it. How much of the prize should Ethan include in his gross income?

Irene’s husband passed away this year. After his death, Irene received $250,000 of proceeds from life insurance on her husband, and she inherited her husband’s stock portfolio worth $750,000. What amount must Irene include in her gross income? 

During the morning report, the UAP complains that the assignment is unfair.  What action by the RN is most appropriate to address this situation?

Karl works at Moe’s grocery. This year Karl was paid $43,000 in salary but he was also in debt to Moe’s for a loan Moe’s gave him when Karl started his employment. This year, in appreciation for Karl’s tenth anniversary of service, Moe’s gave Karl an engraved silver goblet with his name and “In appreciation of 10 years of service” on it. The goblet was worth $350. Moe’s also forgave the balance of Karl’s debt in the amount of $4,500. What amount must Karl include in his gross income related to the events above? 

Income is included in gross income unless a tax provision specifies that it can be deferred or excluded.  

The client calls the nurse and reports that someone took her baby from her room but didn’t check the identification bands. Which intervention should the nurse implement first?