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Jack recently used his AAdvantage miles to purchase a free round - trip ticket to Rome, Italy ( value $ 1 , 5 0 0

Jack recently used his AAdvantage miles to purchase a free round-trip ticket to Rome, Italy (value $1,500). The frequent flyer miles used to purchase the ticket were generated from Jack's business travel as a CPA. Jack's employer paid for his business trips, and he was not taxed on the travel reimbursement. Q1: How much income, if any, will Jack have to recognize as a result of purchasing an airline ticket with AAdvantage miles earned from business travel? $1,500

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