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Required Information [The following information applies to the questions displayed below.] LaMont works for a company in downtown Chicago. The company encourages employees to use
Required Information [The following information applies to the questions displayed below.] 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 $274 per month. a. If LaMont receives one pass (worth $274) 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 Required Information [The following Information applies to the questions displayed below.] 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 $274 per month b. If the company provides each employee with $274 per month in parking benefits, how much of the parking benefit must Lamont Include In his gross Income each year? Parking benefit to be included in gross income come
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