In each of the following independent cases,

determine the amount to be included in gross income.

a$)$ Darrell works as a flight attendant for Great Fly

Airlines. One of his fringe benefits is the right to

fly free of charge on the airline as long as there is

an empty seat. On his days off and during vacation,

Darrell takes advantage of this right. He estimates

that the flights taken on short vacations would have

cost him $$1,200$ if he had been required to pay for

them.

b$)$ A college student worked for Grady Corporation

during the summer months. In return for her services,

the student received $$5,000$ cash and $50$ shares of Grady

stock. The $50$ shares had a fair market value of

$$2,000.$