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LaMont works for a company that encourages employees to use public transport (to save the...

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Accounting

LaMont works for a company that encourages employees to use public transport (to save the environment) by providing them with passes at a cost of $285/month. 1) If LaMont receives a pass each month, how much of this benefit must be included in gross income each year? 2) If the company provides employees with a parking benefit costing the same amount, how much must be included in gross income each year?
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2022
LaMont works for a company that encourages employees to use public transport (to save the environment) by providing thern with passes at a cost of $285/ month. 1) If LaMont receives a pass each month, how much of this benefit must be included in gross income each year? 2) If the company provides employees with a parking benefit costing the samelamount, how much must be included in gross income each year

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