Which of the Following Item(s) Must Be Included in the Income

question 1215

Multiple Choice

Which of the following item(s) must be included in the income of the respective employees?

• A) The state of California highway patrol organization provides its officers with a daily meal allowance to compensate them for meals eaten at any location while they are on duty.
• B) IBX Corporation requires its employees to work overtime three evenings each year when the company takes inventory. The corporation pays to provide catered dinners on its premises on these evenings.
• C) A hotel requires its hotel manager to live in a suite without charge in order to be on call outside her normal work hours.
• D) ABC Hospital Corporation provides free meals in the hospital cafeteria to employees while on duty in order that they be available for emergency calls.

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Definitions:

Minimizing Risk

Strategies or actions taken to reduce the probability and/or impact of harmful outcomes in decision-making or processes.

Stocks

Stocks represent shares of ownership in a company, providing investors with a claim on the company's assets and earnings, and are traded on stock exchanges.

Choose

A term often associated with selecting options or making decisions from a set of alternatives.

Risk

The potential for loss or an undesirable outcome, often assessed in the context of investments or decision-making.