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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 $284 per month. . If LaMont receives one pass (worth $284 ) each month, how much of this benefit must he include in his gross income each year? b. If the company provides each employee with $284 per month in parking benefits, how much of the parking benefit must LaMont include in his gross income each year
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