Harvey works for ice cream dream, a company that sells commercial ice cream makers. ice cream dream normally has a gross profit percentage of 30%. harvey’s wife loves ice cream, so he decides to buy her a commercial ice cream maker for her birthday. harvey paid $650 for a machine that would have normally retailed for $1,000. what, if any, amount must be included in harvey’s gross income?

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60