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.
-Hank's employer gives him fishing gear that is worth $1,250 at his retirement party. (non-qualified plan)
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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