Enron Mail

From:announcements.enron@enron.com
To:dl-ga-all_enron_houston@enron.com
Subject:Update to Bus Pass Information
Cc:
Bcc:
Date:Thu, 10 Jan 2002 09:34:18 -0800 (PST)


Bus passes for January are now available at the Parking and Transportation office on the third floor of the Enron Building, ECN 306. These passes are offered on a monthly basis and are provided at no charge to the Enron employee. However, because these buses passes are fully subsidized they must be treated as "taxable" income. Excluding the first $65 of the bus pass, the remaining value is subject to taxation, collectively referred to as "imputed tax". See example below

Example: A $100 pass is chosen by an employee.

Subsidy for Bus Pass $100.00
Exclusion amount $ 65.00

Taxable Income amount $ 35.00