Unformatted text preview: meaningful ceremony, Cliff passed the 5 year test, the award will be excludible as a length of service award. Problem 2c: Cliff fails the 5 year test, thus the value of the watch will be includible in gross income....
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This note was uploaded on 09/27/2008 for the course BUS 1000 taught by Professor Professor during the Spring '08 term at Cal Poly.
- Spring '08