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chuk uses his personal credit card, the ABC Banks Happy Kilometres card, to pay for business expenses of his employer reimburses him on a monthly basis. He has accumulated 100,000 happy K's on this Last year, he and his spouse, used the accumulated happy K's to take a 2 week vacation in the mas. The FMV of this trip was $12,000. What amount of the cost of this vacation must Chuck claim taxable benefit on his tax return? $12,000 ) $6,000 c) $0 d) $100,000
Sagot :
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