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Business, 22.08.2019 18:30 AndiLizzi

Employees of the valley country club are allowed to use the golf course without charge before and after working hours on mondays when the number of players on the course is at its lowest. tom, an employee of the country club, played 40 rounds of golf during the year at no charge when the nonemployee charge was $20 per round.
a. tom must include $800 in gross income.
b. tom is not required to include anything in gross income because it is a de minimis fringe benefit.
c. tom is not required to include the $800 in gross income because the use of the course was a gift.
d. tom is not required to include anything in gross income because this is a "no-additional-cost service" fringe benefit.
e. none of the above

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