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2. LaMont works for a company in downtown Chicago. The firm encourages employees to use public transportation (to save the environment) by providing them with

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2. 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 $260 per month. a. If LaMont receives one pass (worth $260) each month, how much of this benefit must he include in his taxable income each year? b. If the company provides each employee with $260 per month in parking benefits, how much of the parking benefit must LaMont include in his taxable income each year? se No memo required for this question)

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