Evaluate the following statements:

I.

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De minimis fringe benefits are those that are so immaterial that accounting for them is impractical.

II$.$ De minimis fringe benefits are subject to strict antidiscrimination requirements.

III.

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Generally, a fringe benefit of less than $$50$ is considered de minimis and can be excluded from gross income.

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Question $10$ options:

a$)$

Only I is true.

b$)$

Only III is true.

c$)$

Only I and III are true.

d$)$

I, II$,$ and III are true.