Q$10$ In which of these circumstances is income considered to be constructively received by an employee?

I. The employee's receipt of the income is subject to substantial limitations or restrictions.

II$.$ The income is credited to the employee's account.

III. The income is set apart for the employee.

IV$.$ The income is made available so the employee may draw on it anytime, or could have drawn on it during the tax year if notice of intent to withdraw had been given.

a$.$ II$,$ III, and IV$.$

b$.$ II and IV$.$

c$.$ II and III.

d$.$ I and IV$.$