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SEE PART 2: BUSINESSES
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Cobalt Electronics is a single-line business that sells electronics and provides repair services to customers. In 2025, under a nondiscriminatory employee discount plan, Meg, a sales associate, bought an entertainment system with a regular customer price of $2,000 and paid $1,400. She also had Cobalt repair her refrigerator; the regular customer price for that repair was $200, and Meg paid $140. Cobalt's gross profit percentage on merchandise for the year was 25%.
How much of the discounts Meg received is includible in her 2025 gross income?
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