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.

---

Definitions:

Starting/Charging System

A vehicle's system responsible for initiating the engine's operation (starting) and maintaining the battery's charge level (charging).

Voltage Output

The electric potential difference delivered by a power source or circuit, measured in volts.

AC Voltage Leakage

Unintended flow of alternating current (AC) outside its intended circuit path, which can pose safety hazards.

Maximum Allowable

The highest permissible limit or value for a parameter, often established for safety, performance, or regulatory reasons.