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Part $1$

Al flies for AAA Airlines. AAA provides its employees with several fringe benefits.

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Requirement

Which of these benefits are taxable to$$ Al$?$

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Part $1$

Benefit

Taxable?

Airline tickets

Magazine subscriptions

Meals and lodging

Coffee

Parking

Vacation

Al and his family are allowed to fly on a$$ space$-$available basis on AAA Airline. Tickets used by Al and his family during the year are worth$$ $$2,000.$ AAA paid for a subscription to two magazines published for pilots. The subscriptions totaled$$ $$80.$ The airline paid for$$ Al's meals and lodging while he was away from home overnight in connection with his job. Such meals and lodging cost AAA$$ $$10,000.$ Although Al could not eat while$$ flying, he was allowed to drink coffee provided by the airline. The coffee was worth about$$ $$50.$ AAA provided Al with free$$ parking, which is valued at$$ $$100$ per month. The airline treated Al and his family to a$$ one$-$week all$-$expenses$-$paid vacation at a resort near his home. This benefit was awarded because of$$ Al's outstanding safety record. The value of the vacation was$$ $$2,300.$