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Your friend Adam started a business many years ago and his business has grown into a large multi-national business that sells office supplies. Adam called

Your friend Adam started a business many years ago and his business has grown into a large multi-national business that sells office supplies. Adam called you to catch up and he mentioned his plans to pay for fitness club memberships for any employees that would like one. He knows the employees will be really excited about it when he announces it to them. What would the tax consequences be if Adam were to go through with this plan

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