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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 47
Which of the following fringe benefits provided by the employer is not taxable to the employee? a. Sick pay.
B) Vacation pay.
C) Bonus.
D) 10% discount on products sold by the business; the gross profit percentage for the business is 20%.
B) Vacation pay.
C) Bonus.
D) 10% discount on products sold by the business; the gross profit percentage for the business is 20%.
Explanation
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a.Sick pay may be taxable or non-taxable...
Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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