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A nontaxable employee benefit has a greater value than the stated amount. What would be...

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A nontaxable employee benefit has a greater value than the stated amount. What would be the tax equivalent value of a nontaxable employee benefit of 500$ ? Assume a tax rate of 20%. \begin{tabular}{|c|} \hline 500 \\ \hline 600 \\ \hline 625 \\ \hline 400 \\ \hline \end{tabular}

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