LaMont works for a company that encourages employees to use public transport (to save the environment) by providing them with passes at a cost of $285/month. 1) If LaMont receives a pass each month, how much of this benefit must be included in gross income each year? 2) If the company provides employees with a parking benefit costing the same amount, how much must be included in gross income each year?

2022

LaMont works for a company that encourages employees to use public transport (to save the environment) by providing thern with passes at a cost of $285/ month. 1) If LaMont receives a pass each month, how much of this benefit must be included in gross income each year? 2) If the company provides employees with a parking benefit costing the samelamount, how much must be included in gross income each year