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Fred and Cathleen are married. In the current year, Fred is involved in an accident while working for his employer and dies. The employer pays
Fred and Cathleen are married. In the current year, Fred is involved in an accident while working for his employer and dies. The employer pays Cathleen $45,000 as a death benefit in recognition of Fred's service to the company. How much of the $45,000 will be included in Cathleen's taxable income? Choose the correct answer. O A $35,000 OB. $45,000 OC. SO OD. $4,000 Question 9.1.35 Question Help During the current year, Joshua makes a move within Canada to take a new job. His former residence was 35 km from his old job and is 800 km from his new job. His new residence is 35 km from his new job and 800 km from his old job. Joshua takes a loss of $2,750 selling his old residence, pays a moving company $3,600, and pays acquisition costs of $5,400 for his new house. Joshua has employment earnings of $29.000 from his new employer in the current year. If Joshua's new employer agrees to reimburse any of the above moving expenses up to $6,350, what will Joshua's net income or net deduction for moving expenses in the current year? Choose the correct answer. OA SO net income OB. net income of $3,600 O C. net deduction of $5,400 D. net deduction of $11,750
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