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What are the tax consequences to the employer and employee

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Reference no: EM13905956

1. Rolando purchases a golf cart from his employer, E-Z-Go Golf Carts, for a siz- able discount. Explain the rules for determining if Rolando's purchase results in taxable income for him.

2. When an employer makes a below-market loan to an employee, what are the tax consequences to the employer and employee?

Reference no: EM13905956

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