Giveaways

We host giveaways and give students a chance to win fun stuff! You'll find details on current giveaways here.

• Note about taxable items for employees

  Giveaways to employees may be considered taxable, so please be aware of the policy around non-cash benefits. If you have questions about these requirements, please contact your HR Consultant.

   

  In accordance with the Internal Revenue Code, certain non-cash benefits provided to employees may be considered taxable to the employee.

   

  All employees who receive complimentary tickets are required to have the value of the tickets taxed in the year and reported on the employee’s W-2.  A non-cash taxable benefit provided on behalf of an employee is taxable to the employee even if the benefit is subsequently given to another person, such as the employee’s spouse, child, or friend.

   

  The taxable amount for the non-cash taxable benefit is the fair market value of the item.

   

  Non-cash taxable benefits are taxed at the IRS and state supplemental tax rate (22% IRS and 4.75% OK).  Social security (7.62%) and medicare (1.45%) is included for employees not exempt from those taxes and additional medicare (.9%) is included for employees that have met the minimum taxable wages.

   

  The fair market value of these tickets is $9.16 each.