All of the following fringe benefits can be excluded from the employee’s income except:

a. Transportation up to $265 per month for combined commuter highway vehicle transportation and transit passes, and

$265 per month for qualified parking.

b. Holiday gifts, other than cash, with a low fair market value.

c. Qualified employee discounts given employees on certain property and services offered to customers in the ordinary course of the line of business in which the employees perform services.

d. Memberships to municipal athletic facilities for employees, their spouses, and their dependent children.