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Ted works for Azure Motors, an automobile dealership. All employees can buy a car at the company's cost plus 2%. The company does not charge

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Ted works for Azure Motors, an automobile dealership. All employees can buy a car at the company's cost plus 2%. The company does not charge employees the $300 dealer preparation fee that nonemployees must pay. Ted purchased an automobile for $29, 580 ($29,000 + $580). The company's cost was $29,000. The price for a nonemployee would have been $33, 900 ($33, 600 + $300 preparation fee). What Is Ted's gross Income, If any, from the purchase of the automobile

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