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1.The primary goal of the income attribution rules within the ITA...

1.The primary goal of the income attribution rules within the ITA are to


distribute the tax burden equally among members of an immediate family


avoid income splitting with a family member subject to a lower tax rate


add additional scrutiny to transactions between corporations and their shareholders


reduce the possibility of double taxation on gains arising from the transfer of appreciated capital property


2.An employer agrees to pay up to $6,500 of moving costs to hire a new employee. Reimbursement for which of the following costs of moving would be of greatest tax benefit to the employee?


$6,500 in eligible travel costs to move to the new location


a total of $6,500 paid for transporting and storing household belongings


a total of $6,500 in costs paid to sell the employee's former residence


a $6,500 loss on the sale of the employee's former residence

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