Kai is an employee of Dimension works Designs in New Mexico who received the following achievement awards from her employer during 2023: Best safety plan, Santa Fe County; Set of golf clubs worth: $1,520. Top emergency plan layout, New Mexico: $ 2,000. Tenyear employee award: iPad valued at: $ 830. The achievement awards are eligible under a qualified plan.
Required: How much of Kai's achievement award income is taxable?

Q&A Education