Kevin is the financial manager of Levingston BMW. The shop allows employees to purchase up to two vehiclesper year at a discount. Levingston's average gross profit percentage is 15 percent. This year Kevin purchased a 530 model and a new M3.
What amount must Kevin include in income?
A) $0
B) $2,455
C) $2,950
D) $22,000
Correct Answer:
Verified
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