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In addition to their $150,000 annual salary, a company gives a certain employee $100,000 worth of life insurance, $3,000 for daycare benefits, and $10,000
In addition to their $150,000 annual salary, a company gives a certain employee $100,000 worth of life insurance, $3,000 for daycare benefits, and $10,000 toward adoption expenses. Which of these benefits is included in Box 1 of their W-2, labeled Wages, Tips, and Other Compensation? Select the single best answer: A. life insurance, daycare expenses, and adoption expenses B. only life insurance C. only daycare expenses D. only adoption expenses E. none of the above
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