Frank received the following benefits from his employer this year. What amount must Frank include in his gross income?

Benefits Received Amount Salary $ 54,500 Health insurance 3,400 Group term life insurance (face $50,000) 2,560

Multiple Choice

• $54,500.
• $57,060.
• $57,900.
• Zero - these benefits are excluded in gross income.
• $60,460.