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Author Question: For a taxpayer who is not insolvent nor under bankruptcy proceedings, the discharge of debt is generally (Read 32 times)

Collmarie

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Question 1

Fatima's employer funds childcare for all employees' children. She pays nothing for this service.  The cost of Fatima's child care is $7,200 a year. How much of the child care benefits are taxable to Fatima?
◦ $0
◦ $2,200
◦ $5,000
◦ $7,200

Question 2

For a taxpayer who is not insolvent nor under bankruptcy proceedings, the discharge of debt is generally
◦ taxable.
◦ nontaxable.
◦ partially taxable.
◦ None of these.


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Marked as best answer by Collmarie on Sep 13, 2020

lindahyatt42

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Collmarie

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


lkanara2

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Reply 3 on: Yesterday
:D TYSM

 

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