Todd,age 26 and single,is an employee of the Ice Corporation.Todd's annual salary is $50,000.Ice has a qualified pension into which employees may contribute 5% of their annual salary (Todd contributes the maximum).The corporation also offers employees a flexible benefits plan.Todd pays $500 into the plan and is reimbursed for $500 of medical expenses not covered by his medical insurance.Ice also provides Todd with the following benefits:
What is Todd's taxable income from his employment?

Question

Todd,age 26 and single,is an employee of the Ice Corporation.Todd's annual salary is $50,000.Ice has a qualified pension into which employees may contribute 5% of their annual salary (Todd contributes the maximum).The corporation also offers employees a flexible benefits plan.Todd pays $500 into the plan and is reimbursed for $500 of medical expenses not covered by his medical insurance.Ice also provides Todd with the following benefits:  
What is Todd's taxable income from his employment?

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The Answer of Todd,age 26 and single,is an employee of the Ice Corporation.Todd's annual salary is $50,000.Ice has a qualified pension into which employees may contribute 5% of their annual salary (Todd contributes the maximum).The corporation also offers employees a flexible benefits plan.Todd pays $500 into the plan and is reimbursed for $500 of medical expenses not covered by his medical insurance.Ice also provides Todd with the following benefits:  
What is Todd's taxable income from his employment?

Todd,age 26 and Single,is an Employee of the Ice Corporation