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Allie started her new job in 2020. She received the following payments or benefits paid on her behalf by her employer. $84,000 in salary. $
Allie started her new job in 2020. She received the following payments or benefits paid on her behalf by her employer.
- $84,000 in salary.
- $ 6,000 contribution to employer qualified pension plan for her.
- $ 9,250 contribution to her employers qualified health insurance plan for her.
- $ 8,400 in bonus for the year (paid in January 2021 for 2020)
- $7,500 Board of Directors fee since she is a member of the company BOD.
- $ 800 for group term life insurance coverage of $50,000
- $ 1,400 for a whole life insurance policy with a face value of $100,000
- $ 2,200 for disability insurance premiums (no elections made)
What is Allies gross income for 2020?
Group of answer choices
$101,300
$92,900
$95,100
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