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
A
False because only the first $ comma $ 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 is of the reimbursed housing cost that exceeds $ comma $
D
False because the taxable benefit is of the
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