makayyafreeman
makayyafreeman
06.12.2019 • 
Business

Robin, a senior at state university, receives free room and board as full compensation for working as a resident advisor at the university dormitory. the regular housing contract is $1,400 a year in total, $800 for lodging and $600 for meals in the dormitory. robin had the option of receiving the meals or $600 in cash. robin accepted the meals. what is robin’s gross income from working as a resident advisor? a.$0, the entire value of the contract is excluded from gross income.b.$600, the meal contract must be included in gross income.c.$800, the lodging contract must be included in gross income.d.$1,400, the entire value of the contract is compensation.e.none of the above.

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