Annika's employer provides only its executives with parking benefits. The fair market value of the annual parking benefit is $4,800 ($400 per month). What is the amount Annika must include into income with respect to her parking benefit in 2016?

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The Answer of Annika's employer provides only its executives with parking benefits. The fair market value of the annual parking benefit is $4,800 ($400 per month). What is the amount Annika must include into income with respect to her parking benefit in 2016?

Annika's Employer Provides Only Its Executives with Parking Benefits