An employer reimburses 100% of an employee's monthly parking for a parking space near the employee's work site. The parking fees are$257.00per month. Calculate the monthly taxable amount of the parking reimbursement.

Annual Lease Value Annual Lease Value Table Fair Market Value Annual Fair Market Annual Fair Market Value Annual Lease Lease Value Lease Value Value Value $0-999 $600 $15,000-15,999 $4,350 $32,000-33,999 $8,750 $1,000-1,999 $2,000-2,999 $850 $16,000-16,999 $1,100 $17,000-17,999 $4,850 $3,000-3,999 $1,350 $18,000-18,999 $5,100 $4,000-4,999 $1,600 $19,000-19,999 $4,600 $34,000-35,999 $9,250 $36,000-37,999 $9,750 $38,000-39,999 $10,250 $5,350 $40,000-41,999 $10,750 $5,000-5,999 $1,850 $20,000-20,999 $5,600 $42,000-43,999 $11,250 $6,000-6,999 $2,100 $21,000-21,999 $5,850 $44,000-45,999 $11,750 $7,000-7,999 $2,350 $22,000-22,999 $6,100 $46,000-47,999 $12,250 $8,000-8,999 $2,600 $23,000-23,999 $9,000-9,999 $2,850 $24,000-24,999 $10,000-10,999 $3,100 $25,000-25,999 $6,350 $48,000-49,999 $12,750 $6,600 $50,000-51,999 $13,250 $6,850 $52,000-53,999 $13,750 $11,000-11,999 $3,350 $26,000-27,999 $7,250 $12,000-12,999 $3,600 $28,000-29,999 $7,750 $54,000-55,999 $14,250 $56,000-57,999 $14,750 $13,000-13,999 $14,000-14,999 $3,850 $4,100 $30,000-31,999 $8,250 $58,000-59,999 $15,250 Note: If the fair market value is greater than $59,999, the annual lease value is equal to 25% of the fair market value plus $500.00.