onds Question Completion Status: QUESTION 13 points James is employed by a large corporation with 400 employees. The corporation provides its employees with a no-cost gym membership at the local public YMCAs. The cost of the membership is $60/month which is completely paid for by James' employer for all employees. How much, if any, must james include in his yearly gross income related to this fringe benefit? $60. $600. $720. QUESTION 14 1 points Sa Which of the following statements concerning accrued benefits in qualified plans is (are) correct? -1-In a defined benefit plan, the participant's accrued benefit at any point is the participant's present account year -2-In a defined contribution plan, the accrued benefit is the benefit earned to date using current salary and years of service. The accrued benefit earned for the year is the additional benefit that has been earned based upon the current year's salary and service balance. The accrual for the specific year is the amount contributed to the plan on the employees behalf for that O 1 only. O 2 only. Both 1 and 2 O Neither 1 nor 2. QUESTION 15 1 points Save A RCM Incorporated sponsors a qualified plan that requires employees to meet one year of service and to be 21 years old before being considered eligible to enter the plan. Which of the following employees are not eligible? 1-Donald, age 18, who has workied full-time with the company for 3 years. 2-Rachel, age 22, who has worked full-time with the company for 6 months. 3-Randy, age 62, who has worked 500 hours per year for the past 6 years. 4-Theodore, age 35, who has worked full-time with the company for 10 years. 4 only. O 1 and 2 3 and 4 1,2, and 3 Click Sove and Submit to save and submit. Click Save Alf Ansteers to save all answers Save All and Sub