Gerry is employed by a furniture retailer. Gerry's employer allowed him to purchase floor stock for $2,200.

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Gerry is employed by a furniture retailer. Gerry's employer allowed him to purchase floor stock for $2,200. The same floor stock would ordinarily be sold to customers for $8,800. What is the taxable value of this fringe benefit?

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Modern Advanced Accounting In Canada

ISBN: 9781259066481

7th Edition

Authors: Hilton Murray, Herauf Darrell

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Question Posted: Sep 22, 2017 11:29 AM

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Gerry is employed by a furniture retailer. Gerry's employer allowed him to purchase floor stock for $2,200.

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Modern Advanced Accounting In Canada

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