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Question Content AreaKristen's employer owns its building and provides parking space for its employees. The value of the free parking is $ 1 5 0
Question Content AreaKristen's employer owns its building and provides parking space for its employees. The value of the free parking is $ per month. Karen's employer does not have parking facilities but reimburses its employees for the cost of parking in a nearby garage up to $ per month.
a Kristen must include the value of the employerprovided parking from her gross income, but Karen can exclude her reimbursement from gross income.
b Kristen and Karen must recognize gross income from the parking services.
c Kristen can exclude the employerprovided parking from gross income, but Karen must include her reimbursement in gross income.
d Neither Kristen nor Karen is required to include the cost of parking in gross income.
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