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Fringe benefits are normally deductible by a corporation and not taxable to employees. However for S-corporations with employee owners, certain fringe benefits are passed through
Fringe benefits are normally deductible by a corporation and not taxable to employees. However for S-corporations with employee owners, certain fringe benefits are passed through to the shareholders, and no deduction for these benefits is taken by the S corporation. At what level of stock ownership or voting power does this treatment apply A) 1% B) 2% C) 50% D) 80%
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