Which of the Following Is Correct

question 83

Multiple Choice

Which of the following is correct?

• A)Employee discounts are always included in gross income.
• B)Employee discounts of up to 20 percent may be taken on personal property held for investment.
• C)Employee discounts are not tax-free if they exceed the employer's gross markup for merchandise.
• D)Tax-free employee discounts include discounts in lines of business in which the employee does not work.

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Definitions:

Drop Out

The act of leaving a school, course, or activity before completion, often associated with educational contexts.

Study

The act of dedicating time and attention to acquiring knowledge on a specific subject through reading, research, or practice.

Cohorts

A group of individuals having a statistical factor (such as age or class year) in common in a demographic study.

Vietnam War

A prolonged conflict (1955-1975) between Communist forces in North Vietnam and the government of South Vietnam, with significant involvement by the United States.