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19 May, 15:47

A below-market loan (e. g., from an employer to an employee) is a common example of a transaction that generates taxable imputed income.

a. True

b. False

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Answers (1)
  1. 19 May, 16:14
    0
    This is true. With a below-market loan, the recipient has received a fringe benefit and would be considered to have earned imputed income. If the amount of the loan was over $50,000, then the recipient would have to claim this income on their next income tax statement as such and pay the appropriate taxes on it.
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