Message-ID: <23328255.1075841101916.JavaMail.evans@thyme>
Date: Thu, 10 Jan 2002 09:34:18 -0800 (PST)
From: announcements.enron@enron.com
To: dl-ga-all_enron_houston@enron.com
Subject: Update to Bus Pass Information
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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