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age 52, IS a numan resources manager tor 1 nple w company. His annual salary is $110,000 and he receives the following fringe benefits
age 52, IS a numan resources manager tor 1 nple w company. His annual salary is $110,000 and he receives the following fringe benefits during the current year: Triple W pays for all employees' health and accident insurance. Triple W pays $7,000 for Jamal's health insurance during the year. Triple W provides Jamal with group-term life insurance coverage of $200,000 during the year. The monthly inclusion amount per $1,000 of coverage is $.23. Triple W has a flexible benefits plan in which employees may participate to pay any qualifying medical costs not reimbursed by their health insurance. Jamal has $1,600 withheld from his salary under the plan. During the year he receives reimbursements of $1,300. Triple W pays parking costs for all management employees. Jamal's parking costs $220 month. Triple W pays Jamal's annual membership dues of $450 to the Society of Human Resource Management Association. The company also subscribes to several management journals for Jamal costing $650 a year. Jamal took a college class on financial accounting and Triple W reimbursed his tuition of $6,000 through its tuition assistance program for all employees. Jamal's consumption of coffee provided by Triple W is valued at $250 a year. How much income must Jamal report from his job? age 52, IS a numan resources manager tor 1 nple w company. His annual salary is $110,000 and he receives the following fringe benefits during the current year: Triple W pays for all employees' health and accident insurance. Triple W pays $7,000 for Jamal's health insurance during the year. Triple W provides Jamal with group-term life insurance coverage of $200,000 during the year. The monthly inclusion amount per $1,000 of coverage is $.23. Triple W has a flexible benefits plan in which employees may participate to pay any qualifying medical costs not reimbursed by their health insurance. Jamal has $1,600 withheld from his salary under the plan. During the year he receives reimbursements of $1,300. Triple W pays parking costs for all management employees. Jamal's parking costs $220 month. Triple W pays Jamal's annual membership dues of $450 to the Society of Human Resource Management Association. The company also subscribes to several management journals for Jamal costing $650 a year. Jamal took a college class on financial accounting and Triple W reimbursed his tuition of $6,000 through its tuition assistance program for all employees. Jamal's consumption of coffee provided by Triple W is valued at $250 a year. How much income must Jamal report from his job?
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