7. Big Money Moe works for a high-end law firm in New York City. Moe parks his big fancy AMG Mercedes in a spacious garage. The law firm pays $270 per month for the parking for Moe's fancy car as part of its qualified transportation fringe benefits program. Which of the following is correct? a. The parking is deductible by the firm. b. The parking is not deductible by the firm because the amount exceeds the monthly allowable limit. c. The parking is not deductible by the firm, to the extent it exceeds the monthly limit. d. The parking is not deductible by the firm regardless of the monthly amount.