10. Which of the following fringe benefits is taxable to the employee receiving the benefit? A) A small discount on toys granted to the salesperson for a toy store B) Incidental use of the company's copier by an office worker C) A 15 percent discount on investment real estate granted to the employee of a real estate developer D) A subscription to a tax journal provided by the employer to a corporation's tax accountant E) All of these choices are tax-free 11. Arthur, age 19, is a full-time student at Gordon College and is a candidate for a bachelor'e doaroo nurina onj1 ha rocoivad tha fnllowing amnunts: What is his adjusted gross income for 2021?AGI reduced by itemized deductions. A) $2,300 B) $300 C) $2,500 D) $500 E) None of these choices are correct. 12. Sam died on January 15,2013 and left his wife, Terry, an insurance policy with a face value of $100,000. Terry elected to receive the proceeds over a 10 -year period ($10,000 plus interest each year). This year Terry receives $11,500 ( $10,000 proceeds plus $1,500 interest) from the insurance company. How much income must Terry report from this payment? A) $1,500 B) $500 C) $11,500 D) $0 E) None of these choices are correct