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I: 4 - 1 7 The president and vice president of USA Corporation receive benefits that are unavailable to other employees. These benefits include free
I: The president and vice president of USA Corporation receive benefits that are unavailable to other employees. These benefits include free parking, payment of monthly expenses in a local club, discounts on products sold by the corporation, and payment of premiums on a whole life insurance policy. Which of these benefits must be included in the gross income of the president and vice president?
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