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    Concepts in Federal Taxation
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    Exam 3: Income Sources
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    Terry Owns 100% of Terry Manufacturing, Inc, and Has the Corporation
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Terry Owns 100% of Terry Manufacturing, Inc, and Has the Corporation

Question 27

Question 27

True/False

Terry owns 100% of Terry Manufacturing, Inc, and has the corporation pay his son's college tuition. Terry must include the payments in his taxable income.

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