Examlex
Which of the following statements regarding T3 is FALSE?
Taxability
The condition of being subject to taxes; applicable to income, goods, services, and transactions that can be taxed.
NonTaxable Income
Income that is not subject to taxation by the IRS or state tax authorities; examples include certain gifts, inheritances, and some types of insurance payouts.
Compensation
This represents payment or benefits provided to an employee or executive by an employer for services rendered.
Injuries
Physical harm or damage to a person's body.
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