Each of the numbered items below is accorded only one of the following lettered treatments. Use the existing law as it applies to the current year, match the best answer to the statements below.
-Sarah, the managing partner in an accounting firm, has her downtown parking space ($325/per month) paid by the firm. None of the accounting staff receive parking privileges.
A) Fully excluded from gross income.
B) Fully included in gross income.
C) Partially excluded from gross income.
Correct Answer:
Verified
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