3. Sam is an executive with a U.S. corporation. During the current year, he is w
ID: 2337752 • Letter: 3
Question
3. Sam is an executive with a U.S. corporation. During the current year, he is working in another country His employer provides a corporation-owned residence for Sam that is located three miles from his office. The residence is far above the standard he was accustomed to in the United States. However, the employer feels that it is important for Sam to live in luxurious surroundings because of the business image it conveys. Sam is expected to entertain customers and conduct business in the home as is customary in that country, where people are thought to be very status- conscious. The home contains an office that Sam uses in the evenings to transact business over the phone with customers in different time zones. The fair rental valuc of the home is $48,000. Does Sam have any income from this housing arrangement?Explanation / Answer
ANSWER:
Sam is working for the organization and they are providng him the accomodation. The aggregate cost is $48,000 for the house course of action which is excessively. As Sam need to remain in great house so his status looks great and he should be agreeable with the goal that he can work together exchange from home too.
As the workplace is around 3 miles from home and he needs to pass by his own to office which may cost him as well. With this lodging course of action Sam won't get any pay however this will profit him for future endevour. It will enhance his execution and he will get great reward and commission. Be that as it may, he won't get any immediate wage shape this game plan. The telecommuting over telephone will make him comfort and boost his execution
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