QUESTION 12 Charlie was hired by Ajax this year as a corporate executive and a member of the board of directors. During the current year, Charlie received the following payments or benefits paid on his behalf Salary payments $ 91,000 Contributions to qualified pension plan 10,200 Qualified health insurance promiums 8,400 Year-end bonus 20,000 Annual director's fee 10,000 Group-term life insurance premiums (face-$40,000) 750 Whole life insurance premiums (face-$100,000) 1,420 Disability insurance premiums (no special elections) 4,350 Charlie uses the cash method and calendar year for tax purposes. Cololate Charlie's gross income for the current year