This is one question but has two parts

Required information Problem 12-47 (LO 12-3) (Algo) [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 $300 per month. Problem 12-47 Part a (Algo) a. If LaMont recelves one pass (worth $300 ) each month. how much of this benefit must he include in hils gross income each year? Required information Problem 12-47 (LO 12-3) (Algo) (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 $300 per month. Problem 12-47 Part b (Algo) . If the company provides each employee with $300 per month in parking benefits, how much of the parking benefit must LaMont nclude in his gross income each year