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Kevin is the financial manager of Levingston BMW. The shop allows employees to purchase up to two vehicles per year at a discount. Levingstons average
Kevin is the financial manager of Levingston BMW. The shop allows employees to purchase up to two vehicles per year at a discount. Levingstons average gross profit percentage is 15%. This year Kevin purchased a 530 model and a new M3.
Model 530 M3 FMV $63,900 $70, 100 Dealer cost $50,900 $60,900 Employee Price $54,450 $57,900 What amount must Kevin include in incomeStep by Step Solution
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