AAA sold shares of a qualified small business corporation on August 29, 2021. He realized a capital gain of $64,000 on the sale. AAA has never claimed a capital gains deduction, he has never realized an allowable business investment loss and has no cumulative net investment loss. His only net/allowable capital loss claimed since 1985 is a net capital loss of $11,000 that he plans to claim in 2021 to offset the taxable capital gain on this share sale. What is the capital gains deduction available to AAA on the sale of these shares?

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.