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?