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LO2 A fire extensively damaged a small Alaska town where Intech Company hadits primary plant. Intech decided to give $200 to each houschold that lost

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LO2 A fire extensively damaged a small Alaska town where Intech Company hadits primary plant. Intech decided to give $200 to each houschold that lost its residence. About 12 percent of the payments were made to Intech employees. Is the receipt of $200 by some Intech employees taxable as compensation or exdudable as a gift

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