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Discussion Question 5-11 (c) (LO. 2) Alberto works for Montage Motors, an automobile dealership. All employees can buy a car at the company's cost plus
Discussion Question 5-11 (c) (LO. 2) Alberto works for Montage Motors, an automobile dealership. All employees can buy a car at the company's cost plus 2.5%. The company does not charge employees the $200 dealer preparation fee that nonemployees must pay. Alberto purchased an automobile for $47,560 ($46,400 + $1,160). The company's cost was $46,400. The price for a nonemployee would have been $51,240 ($51,040 + $200 preparation fee). How much must Alberto include in his gross income related to the purchase of the car
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