Kevin is an employee of OneHour Dry Cleaners, Inc. All employees of OneHour are eligible for a

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Kevin is an employee of OneHour Dry Cleaners, Inc. All employees of OneHour are eligible for a 40 percent discount on their dry cleaning. During the year, Ken paid $300 for cleaning that normally would have cost $500. Does Kevin have any taxable income as a result of this discount?

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