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Robin, a senior at State University, receives free room and board as full compensation for working...

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 1400 a year in total $800 for lodging and $600 for meals or $600 in cash. Robin accepted the meals. What is robins gross income from working as a resident advisor?
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Answer #1

Solution: $600, the meal contract have to be included in gross income

Explanation: Since Robin had the option to receive meals or the cash, the meals were not provided for the employer's convenience and therefore the meal's value should be included in gross income

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