Business, 06.12.2019 03:31 alxiar19

Robin, a senior at state university, receives free room and board as full compensation for working as a resident advisor at the university dormitory. the regular housing contract is $1,400 a year in total, $800 for lodging and $600 for meals in the dormitory. robin had the option of receiving the meals or $600 in cash. robin accepted the meals. what is robin’s gross income from working as a resident advisor? a.$0, the entire value of the contract is excluded from gross income. b.$600, the meal contract must be included in gross income. c.$800, the lodging contract must be included in gross income. d.$1,400, the entire value of the contract is compensation. e.none of the above.

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Robin, a senior at state university, receives free room and board as full compensation for working a...

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