Lamont works for a company in downtown chicago the firm

Reference no: EM13599353

LaMont works for a company in downtown Chicago. The firm encourages employees to use public transportation (to save the environment) by providing them with transit passes at a cost of $680 per month.

A. If LaMont receives one pass (worth $680) each month, how much of this benefit must he include in his gross income each year?
Benefit included in gross income $

Reference no: EM13599353

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