Marge, age 35, is an employee of Troy, Inc. Her annual salary is $50,000. After considering the following list of benefits provided Marge, determine her gross income for the year.
-Marge has of her salary withheld and paid into the company's qualified pension plan. The company matches the contribution at the rate of for each paid in.
-Group-term life insurance policy at twice her annual sal ary paid by the company. Premium cost is per of coverage.
-Health and accident insurance policy costing paid by the company.
-Marge elects to have of her salary paid into a flexible benefits plan to cover childcare costs. She incurs of childcare costs during the year.
A) $44,700
B) $44,754
C) $46,254
D) $48,054
E) $50,000
Correct Answer:
Verified
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