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	FMV	Dealer cost	Employee Price
530	$63,800	$50,800	$54,400
M3	$71,000	$60,800	$57,800

What amount must Kevin include in income?

Multiple Choice

$2,950.

$2,550.

$22,000.

$0.