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29 (3 F works for a local golf shop, which sells golf clubs. The employer...

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Accounting

29 (3 F works for a local golf shop, which sells golf clubs. The employer permits employees to buy one set of golf clubs each year at a discount. F bought one set for the discounted price of $350. The golf clubs cost the shop $225 and would usually be sold for $500. What amount of discount, if any, must be included in F's taxable income? a. $0 b. $125 c. $150 d. $275

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