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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

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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 passes at a cost of $304 per month. If LaMont receives one pass (worth $304) each month, how much of this benefit must he include in his gross income each year? Transit pass benefit to be included in gross income

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