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PTI rewards its employees with awards for length of service. The award program is described in PTI's Employee Handbook and does not discriminate in favor
PTI rewards its employees with awards for length of service. The award program is described in PTI's Employee Handbook and does not discriminate in favor of highly compensated employees. A member of the payroll team has been employed by PTI for 10 years and during 2023 received that team member's first award, a television set valued at $750.00. Calculate the amount of the award to be included in the employee's income. If the award is not taxable, enter
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