The High-End Preparatory Boarding School has a residence on its property for the principal. Jacques, who is the principal, and his family live in the residence, which is provided as part of his job. It is important to the Board of Directors for the school that the principal be close to the school in case any issues arise. Jacques also eats at the school cafeteria typically two meals each school day. Which of the two benefits must be included in Jacques' gross income for tax purposes? 1. Lodging. 2. Meals. 1 only. b. 2 only. Both 1 and 2. d. Neither 1 or 2. a. C