Which of the following statements is true? a. Life insurance benefits are taxable to the recipient if received from a policy whose premiums are paid by the employer. Full b. An undergraduate student receives free room and board at a state university and this amount is excludible as a scholarship. c Punitive damages are taxable unless they are awarded for physical injuries. d. Taxpayers who elect the foreign-earned income exclusion in one year may switch to the foreign tax credit in any subsequent year. e. None of the answers provided is correct.