Randy is the manager of a motel. As a condition of his employment, Randy is required to live in a room on the

premises so that he would be there in case of emergencies. Randy considered this a fringe benefit as he would otherwise

be required to pay $$800$ per month rent. The room that Randy occupied normally rented for $$70$ per night, or $$2,100$ per

month. On the average, $90\%$ of the motel rooms were occupied. As a result of this rent$-$free use of a room, what amount is

Randy required to include in gross income?

a$.$ $$-0-.$

b$.$ $$800$ per month.

c$.$ $$2,100$ per month.

d$.$ $$1,890($$$2,1000\mathrm{.}90).$

c$.$ $$2,100$ per month.

d$.$ $$1,890($$$2,1000\mathrm{.}90).$

Tony, age $15,$ is claimed as a dependent by his grandmother. During $2024,$ he had interest income from Boeing

Corporation bonds of $$1,000$ and earnings from a part$-$time job of $$900.$ Tony's taxable income is:

a$.$ $$1,900-$$$14,600=$$$0.$

b$.$ $$1,900-$$$1,350=$$$550.$

c$.$ $$1,900.$