An employee may exclude up to a 40 percent employer-provided discount on services received by the employee.
Correct Answer:
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Q24: A below-market loan (e.g., from an employer
Q25: For tax purposes, unearned income means income
Q26: Earnings from Internal Revenue Code Section 529
Q27: The tax law defines alimony to include
Q28: Gambling winnings are included in gross income
Q30: Unemployment benefits are excluded from gross income.
Q31: The assignment of income doctrine requires that
Q32: The exclusion ratio for a purchased annuity
Q33: A portion of each payment received from
Q34: Generally, 85 percent of Social Security benefits
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