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Hansel and Gretel, a married couple, manage apartments and theyare required to live in the managers’ apartment as a condition oftheir employment. Instead of providing the apartment to Hansel and

Hansel and Gretel, a married couple, manage apartments and theyare required to live in the managers’ apartment as a condition oftheir employment. Instead of providing the apartment to Hansel andGretel rent-free, the owner of the apartment building gives Hanseland Gretel a housing allowance of $600, which they use to pay renton the managers’ apartment. Hansel and Gretel pay $600 per month inrent. If they did not live in the managers’ apartment, Hansel andGretel could live in another apartment building where they wouldonly pay $500 in rent. What amount, if any, must be included inHansel and Gretel’s gross income?

May 28 2021 View more View Less

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