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LaMont works for a company in downtown Chicago. The firm encourages employees to use public transportation (to save the environment) by providing them with transit
LaMont works for a company in downtown Chicago. The firm encourages employees to use public transportation (to save the environment) by providing them with transit passes at a cost of $255 per month.
a. | If LaMont receives one pass (worth $255) each month, how much of this benefit must he include in his gross income each year? |
b. | If the company provides each employee with $255 per month in parking benefits, how much of the parking benefit must LaMont include in his gross income each year? |
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