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Enron Mail |
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
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