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Faye Is a Marketing Manager for Healthy Corp

Question 759

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Faye is a marketing manager for Healthy Corp. She earns a salary of $100,000 and has received the following ben
• Healthy pays 75% of all employees' health and accident insurance coverage. Healthy paid $6,000 towards the c Faye's health insurance during the year.
• Faye participates in the cafeteria plan and had elected to have $2,000 withheld from her pay to cover the remai cost of the health insurance premiums and an additional $1,500 to cover dental and other health care costs not pa insurance (i.e., funding a flexible spending account). The full $1,500 was used to pay for various qualifying medi
• Healthy pays the cost of disability insurance coverage for all employees. The insurance will pay 75% of salary i employees are out of work for a significant period. The cost of Faye's premiums was $600.
• Healthy pays for the cost of veterinary insurance for all employees. The cost of coverage for Faye's dog was $4
• Healthy pays for the cost of daycare for its employees' children. The cost for Faye's two children was $8,000.
• All employees receive a 20% discount on Healthy's products. The typical markup on their products is 25%. Fay enjoyed $1,200 of savings through the discount program.
• Faye won the manager of the year award earlier in the year and received an all- expense paid week at a desert valued at $3,500.
• Healthy pays Faye's annual membership dues of $500 to the American Marketing Association.
• Healthy paid for the full $2,500 cost of Faye's attendance at the American Marketing Association's annual conf Orlando.
How much income must Faye recognize from her employment?

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