Answer question b.

Sparrow Corporation would like you to review its employee fringe benefits program with regard to the tax consequences of the plan for the company's president (Polly), who is also the majority shareholder. For the following items, indicate what amount, if any, is included in Polly's gross income. If an amount is zero, enter "0". The company has a qualified retirement plan. The company pays the cost of employees attending a. 0 a retirement planning seminar. The employee must be within 10 years of retirement, and the cost of the seminar is $1,500 per attendee. The company owns a parking garage that is used by customers, employees, and the general b. 540 X pay for parki Only ubl require charge general public pu genera Polly's parking for the year would have been $3,600 (a $300 monthly rate)