Angela, age 35, is an employee of Travis, Inc. Her annual salary is $55,000. After considering the following list of benefits provided Angela, determine her gross income for the year.

Angela has $3,000 of her salary withheld and paid into the company's qualified pension plan. The company matches the contribution at the rate of $.50 for each $1.00 paid in. Group-term life insurance policy at twice her annual salary paid by the company. Premium cost is $0.90per $1,000 of coverage. Health and accident insurance policy costing $1,500 paid by the company. Angela elects to have $1,800 of her salary paid into a flexible benefits plan to cover childcare costs. She incurs $2,100 of childcare costs during the year. a. $44,700 b. $46,254 c. $50,267 d. $60,265 e. $55,000

Please explain the process.