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 $279 per month. a. If LaMont receives one pass (worth $279) each month, how much of this benefit must he include in his gross income each year?

a. If LaMont receives one pass (worth $279) each month, how much of this benefit must he include in his gross income each year?