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Gil ( single , age 2 4 ) is an employee of ABC, Inc., and he receives several fringe benefits and retirement benefits. His employer

Gil (single, age 24) is an employee of ABC, Inc., and he receives several fringe benefits and retirement benefits. His employer-provided health insurance plan is considered a high-deductible plan, so his employer has given him access to a health savings account. During the current year, Gil paid $25 per month for his health insurance and contributed $50 per month to his health savings account (through salary withholding). ABC, Inc. covered the remaining $300 of his monthly health insurance premium, contributed $50 per month to Gil's health savings account, and paid $18 per month for Gil's $225,000 group-term life insurance. Gil contributed $500 per month to ABC, Inc.'s traditional 401(k) plan (through salary withholding), which ABC, Inc. matched at a rate of $0.50 per dollar contributed. Assuming Gil's salary for the current year is $63,500 and nothing else affects his taxable wages, what amount will be reported on Box 1 of Form W-2?

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