Which statement is true about employer$-$provided cell phones?

Select an option, and then select Submit.

Cell phone usage is a nontaxable fringe benefit regardless of how the cell phone is used

Cell phone usage is a nontaxable fringe benefit only if it$$s primarily used for business purposes

Whether the cell phone usage is taxable depends on the value of the phone

To qualify for tax exemption, no occasional personal use of the cell phone is permitted