Fringe Benefits 18-19. Your employer is implementing a new policy that allows you to elect to receive up to $120 each month towards a transit pass. However, if you want to elect into receiving the fringe benefit, your employer reduces your annual salary by $1,500. Your marginal tax rate is 24%. (0.5 pts each, 1 point total) c. You spend $150 a month on transit. Should you elect into receiving the nontaxable fringe benefit? Circle one: Yes / No d. Consider the same facts as above except that you only spend $90 a month on public transit. Should you elect into receiving the nontaxable fringe benefit? Circle one: Yes / No