LaMont works for a company in downtown Chicago. The firm encourages employees to use public transportation (to save the environment) by providing them with transit passes at a cost of $260 per month.

a) If LaMont receives one pass (worth $260) each month, how much of this benefit must he include in his gross income each year?

b) If the company provides each employee with $260 per month in parking benefits, how much of the parking benefit must LaMont include in his gross income each year?