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When an employer requires an employee to move to a new work location and reimburses...

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Accounting

When an employer requires an employee to move to a new work location and reimburses the employee for any housing loss that arises on the sale of the employee's home, the reimbursed loss will not result in any taxable benefit.
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Part 1
A.
False because only the first $ 15 comma 000$15,000 of the reimbursed housing cost is considered tax free.
B.
True because any amount of an eligible housing loss is not required to be included in employment income.
C.
False because the taxable benefit is50% of the reimbursed housing cost that exceeds $ 15 comma 000$15,000.
D.
False because the taxable benefit is50% of the

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