I cant answerbthis question but i recently moved to mckinleyville in northern california to work as a caregiver the man did not inform me that he was wheelchair bound he originally told me i would be getting 200 a week room and board for 6 hours of care a dayhowever like this morning he sometimes rings me earlie than 646 am.
This will pay for her room and board.
Room and board 12900 books and fees 2450 transportation 3100 other 1330.
Emily is using the table to determine the minimum amount of money she should save monthly if she is to have enough money to pay for her first year of college.
The miscellaneous or ancillary benefit under basic hospital medical expense policies covers all other costs aside from room and board.
Im going to assume that he pockets the 272 for my answer but you may need to adjust if he is for example paying out car insurance.
She anticipates receiving 6000 in grants and has 6 years to save in a college savings account.
Many parents think that because a live in nanny is receiving free room and board they can pay their nanny less by deducting room and board from their nannys monthly income or pay them a lower hourly rate or simply have t.
They dont really need her mother to pay room and board and after all her mother had raised her and supported her for many years.
The miscellaneous benefit is stated as a multiple of the daily room and board limit.
For more information on this topic please view the turbo tax faq below.
If youre getting room and board as part of your job you might have to pay tax on the value of your food and lodging.
Employing a live in nanny can oftentimes be a little confusing.
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Money in the 529 account is counted as the parents assets meaning your child could qualify for more financial aid.
This means your money grows tax free.
My friend initially was reluctant to take her mothers money.
The internal revenue service has guidelines for determining when room and board is taxable income and when its just a tax free perk.
While the contributions are not tax deductible your qualified distributions are.
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