Frank received the following benefits from his employer this year.What amount must Frank include in his gross income?
$\begin{array} { l r}
\text { Benefits Received}&\text { Amount}\
\text { Salary } &54,450\
\text { Health insurarice }& 2,900\
\text { Group ternl life insurarice } ( \$ 50,000 )& 1800
\end{array}$

Question

Frank received the following benefits from his employer this year.What amount must Frank include in his gross income?  
$\begin{array} { l r} 
\text { Benefits Received}&\text { Amount}\
\text { Salary } &54,450\
\text { Health insurarice }& 2,900\
\text { Group ternl life insurarice } ( \$ 50,000 )& 1800
\end{array}$

Quizplus · Accepted Answer

Frank must include his salary of $54,450 in his gross income. Health insurance and group term life insurance up to $50,000 are generally not included in gross income.

Frank Received the Following Benefits from His Employer This Year