McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 49

Cassie works in an office and has access to several professional color printers.Her employer allows Cassie and her fellow employees to use the printers to print color postcards for the holidays.This year Cassie printed out two dozen postcards worth almost $76.Must Cassie include this amount in her gross income this year? Explain your answer.