lamont works for a company in downtown chicago the company encourages
LaMont works for a company in downtown Chicago. The company
encourages employees to use public transportation (to save the
environment) by providing them with transit passes at a cost of $287 per
a. If LaMont receives one pass (worth $287) each month, how much of
this benefit must he include in his gross income each year?
b. If the company provides each employee with $287 per month in parking
benefits, how much of the parking benefit must LaMont include in his gross
income each year?
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