William, a single taxpayer, works for the men's clothing division of a large corporation. During the year, William received the following fringe benefits: 20 percent discount on men's clothing (the usual markup is 40 percent)
15 percent discount on toys from the toy division of the company (the usual markup is 25 percent) Personal copies on the company's copier
A subscription to Men's Clothing Weekly
Use of the company's athletic facilities As a result of receiving the above fringe benefits, what amount must William include in his current year 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 the year, William received the following fringe benefits: 20 percent discount on men's clothing (the usual markup is 40 percent)
15 percent discount on toys from the toy division of the company (the usual markup is 25 percent) Personal copies on the company's copier
A subscription to Men's Clothing Weekly
Use of the company's athletic facilities As a result of receiving the above fringe benefits, what amount must William include in his current year gross income?

William, a Single Taxpayer, Works for the Men's Clothing Division