LaMont works for a company in downtown Chicago. The company

encourages employees to use public transportation $($to save the

environment$)$ by providing them with transit passes at a cost of

$$312$ per month. rev: $09\_23\_2020\_$QC$\_$CS$-230013$ Problem $12-47$ Part a

$($Algo$)$a$.$ If LaMont receives one pass $($worth $312)$ each month, how much

of this benefit must he include in his gross income each year?