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Sarah was permitted to use her employer's vehicle for her vacation. The rental value of...

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Accounting

Sarah was permitted to use her employer's vehicle for her vacation. The rental value of the automobile use was $1,500.

A. The $1,500 is not taxable income, nor economic income because she did not receive cash

B. The $1,500 is not economic income because her net worth did not increase

C. The $1,500 is economic but is not taxable income

D. The $1,500 is economic income and taxable income

E. None of the above

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