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What else can I help you with?
What farewell gift I need to give to my employer?
You can give your employer a farewell card or even a gift card.
Is a bonus considered a gift and are you taxed as such?
A bonus from your employer is not a gift and is strictly income. It is in no way a gift and cannot be considered as such. It is income from your employment and is reported as wages on your tax return. The employer is required to pay half of the social security and medicare taxes and to deduct the other half from your bonus check. The bonus is the same as any other income and must be treated as such.
Is a gift card with no cash out tax exempt?
Your speaking about sales tax: Generally, the card purchase is not taxed. Whatever it is used for is taxed and paid at time of purchase...as taxable and at the rate for where the purchase occurs.
Can you add money to an edge card online?
Unfortunately no. The reason is that the credit stored on an Edge Card is not taxed. This is because money put on an Edge card is from trading games in at a GameStop location or by a credit card (at the store). Since the games are traded for in-store credit, the government does not own this "currency", thus it is not taxed. GameStop does sell gift cards, which are essentially the same, except taxed.
Can I simply add funds to my GamestopEBGames EDGE card?
Unfortunately no. The reason is that the credit stored on an Edge Card is not taxed. This is because money put on an Edge card is from trading games in at a GameStop location. Since the games are traded for in-store credit, the government does not own this "currency", thus it is not taxed. GameStop does sell gift cards, which are essentially the same, except taxed.
If the employer paid 30 for a 50 gift card. What is the employee imputed income. 30 or 50?
The employee's imputed income in this case would be $50, which is the fair market value of the gift card. Even though the employer paid only $30 for it, the IRS considers the value of the benefit received by the employee, not the cost to the employer. Therefore, the employee must report $50 as income.
What is the name on the card for this Visa gift card?
The name on the card for this Visa gift card is Name on the card.
Is an employer stock option incentive taxable income?
They are not taxable. Stocks are not taxed based on your income. They are taxed by region or where you may live. That is why these stocks are not taxable.
Should I get my employer of 6 months a valentine's day gift?
It would be a good idea to leave a small card and perhaps a box of chocolates. You would probably want to make sure it is just a lighthearted gift, though.
What is the name on the card for the Amex gift card?
The name on the card for the Amex gift card is the recipient's name.
Do tips get taxed and do you get Credit card tips on payday?
NO.
What is the name of the American Express gift card?
The name of the American Express gift card is simply "American Express Gift Card."
