Which of the following is a false statement? A. ...

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Accounting

Which of the following is a false statement?

A.

The FMV of prizes and awards are generally subject to tax.

B.

Stock splits and stock dividends are generally not taxed.

C.

The maximum amount of social security benefits that can be subject to tax is 50%

D.

Retirement plan income is generally subject to tax when received after retirement.

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