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Author Question: Bob, an employee of Modern Corp., receives a fringe benefit (in lieu of a salary increase) of ... (Read 20 times)

olgavictoria

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on: Sep 13, 2020
Bob, an employee of Modern Corp., receives a fringe benefit (in lieu of a salary increase) of $1,000. Bob is in a 33% tax bracket. The fringe benefit is nontaxable to Bob.  If he had instead paid for the benefit out of his own money, the cost would not be deductible. Bob's after-tax savings from receiving the tax-free benefit is
◦ $0.
◦ $333.
◦ $667.
◦ $1,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by olgavictoria on Sep 13, 2020

Carliemb17

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olgavictoria

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

marict

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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