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How much of this benefit must he include in his gross income

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Question - 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 $285 per month. If LaMont receives one pass (worth $285) each month, how much of this benefit must he include in his gross income each year?

Reference no: EM132961641

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