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Q2 Section 119 excludes the value of meals from the employee's gross income: a. When the meals are provided for the employee on the employer's
Q2 Section 119 excludes the value of meals from the employee's gross income: a. When the meals are provided for the employee on the employer's premises for the convenience of the employer. b. When the meals are provided for the employee on the employer's premises for the convenience of the employee c. Whenever the employer pays for the meals and for ale convenience of the employee. d. All of the above QUESTION 2 Julia's income from her investments for the current year was as follows: Interest on savings account $2,000 Gain on the sale of Orange County school bonds $3,000 Interest on Orange County school bonds $6.500 Interest received during the year on US Government bonds $6,500 Julia's gross income from the above is: a. $5.000 b $11,500 c $14,000 d $17,000
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