10 - employee/employer arrangement. Examples are: wages,...

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What is meant by “compensation for services?” Give some examples. Answer: Compensation for services is the broad category used by the IRS to encompass all forms of economic benefit a taxpayer may receive as a result of an
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Unformatted text preview: employee/employer arrangement. Examples are: wages, salaries, tips, sick pay, bonuses, fringe benefits, commissions, etc....
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