Bryan, Cayla and Daniella all work for the Bank of California in downtown San Francisco. All three park their cars in the paid parking area located on the first floor of the bank's building. During 2019, when the parking allowance was $265 per month, the Bank of California reimbursed Bryan $3,500 for his parking expense; reimbursed Cayla $3,120 for her parking expense and did not reimburse Daniella for her parking expense. Which of the following statements is TRUE? Multiple Choice Bryan must include $3,500 in his gross income for 2019 and Cayla must include $3,120 in her gross income for 2019. O Bryan must include the $3,500 in his gross income because he received the most reimbursement between the three. O Bryan must include $320 into his gross income for 2019 All the above statements are true. If a taxpayer withdraws funds from his/her IRA before the age of 59 72, then the taxpayer must pay a 10% penalty for early withdrawal. The 10% penalty is based upon the amount of withdrawal. However, the 10% penalty is waived if the withdrawal is for certain reasons. Which of the following is one of the reasons? Multiple Choice The withdrawal is to pay the medical bills of the taxpayer or the taxpayer's dependents The withdrawal if for a first-time home purchase The withdrawal is to pay for the taxpayer's higher education expenses or the higher education expenses of the taxpayer's dependents All of the above reasons will waive the 10% penalty