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(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

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(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 $282 per month. b. If the company provides each employee with $282 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

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