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Company X cares about the health of its employees. As a benefit, the company has an arrangement with a local gym so that the company

Company X cares about the health of its employees. As a benefit, the company has an arrangement with a local gym so that the company can provide its employees free membership to the gym, something that costs non-employees $100/month. How much annual income must the employee recognize as a result of this arrangement assuming the employee uses the gym on a regular basis year round

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