Which of the following represents the amount allowed for qualified transportation benefits per month?

The reference figure for qualified transportation benefits per month is an important aspect of employee compensation and benefits. The current limit for the tax-free qualified transportation fringe benefit, which includes transit passes and vanpooling expenses, is set at $280 per month as of recent regulations. However, this limit can vary based on the timing of when benefits are provided or adjusted according to IRS regulations.

The amount identified in the chosen option represents an earlier limit that would need to be compared to the current standards. When answering questions about transportation benefits, it’s crucial to rely on the most up-to-date IRS guidelines to ensure compliance with tax regulations.

While the selected answer reflects a figure that may still be seen in various contexts or historical discussions about transportation benefits, it doesn't correspond to the currently acknowledged amount for qualified transportation benefits, which is $280. Therefore, understanding the recent changes and their implications is key for anyone preparing for the CPP exam.