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A. Calculate the taxable value of the fringe benefit using the statutory formula in the following case context: B. Rory is a staff of a

A. Calculate the taxable value of the fringe benefit using the statutory formula in the following case context: B. Rory is a staff of a furniture manufacturing company. His employer allowed him to purchase an office table for $ 1,200. The table would ordinarily be sold to customers for $1,800. Calculate the taxable value of the fringe benefit.

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