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  3. 1 .mr. grifter embezzles $150,000 from his employe

1 .Mr. Grifter embezzles $150,000 from his employer. He gets caught . . . but...

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Accounting

1 .Mr. Grifter embezzles $150,000 from his employer. He gets caught . . . but only after having spent much of that money. Is Mr. Grifter properly taxable on that $150,000 i.e., should it be included in his gross income for FIT purposes? Why or why not?

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