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Kevin is the financial manager of Levingston BMW. The shop allows employees to purchase up to two vehicles at a discount. Levingston's average gross profit

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Kevin is the financial manager of Levingston BMW. The shop allows employees to purchase up to two vehicles at a discount. Levingston's average gross profit percentage is 15%. This year Kevin purchased a 530 model and a new M3. Model 530 M3 FMV $63,500 $71,300 Dealer cost 50,500 $60,500 Employee Price $54,250 $57,500 What amount must Kevin include in income

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