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 percent. This year Kevin purchased a 530 model and a new M3.

Model	FMV	Dealer cost	Employee Price
530	$64,000	$51,000	$54,500
M3	$71,700	$61,000	$58,000

What amount must Kevin include in income?

Multiple Choice

a. $0.

b. $2,945.

c. $2,950.

d. $22,000.