William,a single taxpayer,works for the men's clothing division of a large corporation.During 2013,William received the following fringe benefits: $\begin{array}{ll}
\text { value } 20 \text { percent discount on men's clothing (the usual }\\text { markup is } 40 \text { percent) }&\$350\
\text {15 percent discount on toys from the toy division of the }\
\text { company (the }\text { usual markup is } 25 \text { percent) } & \$ 100 \
\text { Personal copies on the company's copier } & \$ 15 \
\text { A subscription to Men's Cothing Weekly } & \$ 35\\text { Use of the comnany's athletic facilities }&\$50
\end{array}$ As a result of receiving the above fringe benefits,what amount must William include in his 2013 gross income?

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The Answer of William,a single taxpayer,works for the men's clothing division of a large corporation.During 2013,William received the following fringe benefits: $\begin{array}{ll}
\text { value } 20 \text { percent discount on men's clothing (the usual }\\text { markup is } 40 \text { percent) }&\$350\
\text {15 percent discount on toys from the toy division of the }\
\text { company (the }\text { usual markup is } 25 \text { percent) } & \$ 100 \
\text { Personal copies on the company's copier } & \$ 15 \
\text { A subscription to Men's Cothing Weekly } & \$ 35\\text { Use of the comnany's athletic facilities }&\$50
\end{array}$ As a result of receiving the above fringe benefits,what amount must William include in his 2013 gross income?

William,a Single Taxpayer,works for the Men's Clothing Division of a Large