Problem$38$ answered. Problem$39$ answered. Problem$40$ This problem is current being displayed. Problem$41$ Problem$42$ Problem$43$ Problem$44$ Problem$45$ Problem$46$ Problem$47$ Problem$48$ Problem$49$ Problem$50$ Question Content AreaJoseph, Aaron, and Ciara are all retiring from ABC Corporation, which maintains a qualified plan for employee achievement awards. Joseph has been with the company for $3$ years and receives a Rolex watch valued at $$2,500$ for his role in winning a large client from a competitor. Aaron worked for ABC Corporation for $20$ years and receives a Bulova watch worth $$1,600$ for length of service. Ciara also worked for $20$ years and receives a gold bracelet worth $$1,500$ for length of service. What must each retiree include in income? a$.$ All three may exclude the value of the award. b$.$ Ciara and Aaron may exclude their awards. Joseph must include his. c$.$ All three must include the full value of the award received. d$.$ Joseph and Aaron may exclude their awards. Ciara must include hers.