Yan Corporation paid $25 to each full-time employee at the year-end recognition of the holidays....
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Accounting
Yan Corporation paid $25 to each full-time employee at the year-end recognition of the holidays. The company is interested in (1) whether the amounts are taxable income to its employees, and (2) whether the company can deduct the amounts.
Prepare a brief memo responding to Yan Corporations inquiry.
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