Question: Daniel is employed by j& j electronics. his employer allowed him to purchase floor stock for $2200. the same floor stock will ordinarily been sold

Daniel is employed by j& j electronics. his employer allowed him to purchase floor stock for $2200. the same floor stock will ordinarily been sold to customer for $8800

1) what is the taxabke value of this fringe benefit?

2) explain the steps involved in calculating daniel property fringe benefits taxable value?

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