Linc's annual salary is $80,000. His employer, Riddle Corporation, has a qualified pension plan that allows employees to contribute up to 10% of their salaries, which is matched by the employer. Linc and Riddle Corporation each pay $7,500 into the pension plan. Riddle provides all employees with health and accident insurance by paying 75% of the cost of the policy. Linc's policy cost $3,200. Riddle also offers a flexible benefits plan that employees can use to pay their share of the cost of the medical insurance, other medical costs, and child-care costs. Linc elects to have $2,500 paid into the plan. He uses the flex plan to pay his $800 share of the medical insurance costs and was reimbursed for $1,700 of medical and childcare costs from the plan. As an officer, Riddle Corporation pays Linc's $3,420 parking cost. Riddle Corporation has a workout room in its office building that is used exclusively by employees and their families. Dues to a comparable facility would be $100 per month. What is Linc's current year gross income from Riddle Corporation?

$70,000

$73,300

$71,620

$71,500

$70,180