The Fair Value of Lodging Cannot Be Excluded from Gross

question 12

True/False

The fair value of lodging cannot be excluded from gross income unless the employee is required to accept the lodging as a condition of employment.

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Definitions:

Sucrose

Disaccharide composed of glucose and fructose; table sugar.

Salt

A mineral compound that is composed mainly of sodium chloride, which is essential for life in general.

Water

A tasteless, odorless, and colorless chemical substance composed of hydrogen and oxygen, essential for most forms of life on Earth.

Chemical Energy

The potential of a chemical substance to undergo a transformation through a chemical reaction to transform other chemical substances.