Which, if any, of the following is subject to the cutback adjustment?
A) An airline pilot for an executive jet rental company who pays his own travel expenses.
B) Meals provided at cost to employees by a cafeteria funded by the employer.
C) Fourth of July company picnic for employees.
D) A trip to Aruba awarded to the company's top salesperson.
E) None of the above.
Correct Answer:
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