Which of the following will be included in taxable income because it is NOT a "reasonable allowance"?
A) An allowance of $500, calculated as 2,000 kilometers at $0.25/km.
B) An allowance of $6,500, calculated as 10,000 kilometers at $0.65/km.
C) $750 allowance for employment related trip expenses (actual costs were $700) .
D) $750 allowance for employment related trip expenses (actual costs were $800) .
Correct Answer:
Verified
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