Section 119 excludes from income the value of meals provided to the employees:

When the meals are provided by the employer

When the meals are furnished on the employers premises

When the meals are furnished for the convenience of the employer

When a b and c are all true

None of the above

Ridge is the manger of a motel. As a condition of his employment, Ridge is required to live in a room on the premises so that he would be there in case of emergencies. Ridge considered this a fringe benefit, since he would otherwise be required to pay $600 per month rent. The room that Ridge occupied normally rented for $60 per night or $1500 per month. On the average 90% of the motel rooms are occupied. As a result of this rent- free use of a room, Ridge is required to include in Gross income.

$0

$600 per month

$1500

$1350 ($1500 x .90) = $1350

None of the above