$1$

Required information

$[$The following information applies to the questions displayed below.$]$

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 $$317$ per month.

b$.$ If the company provides each employee with $$317$ per month in parking benefits, how much of the parking benefit must LaMont include in his gross income each year?

Parking benefit to be included in gross income