Reverend Smith is a full-time ordained minister whose church allows him to use a parsonage with an annual fair rental value (FRV) of $24,000. The church pays him an annual salary of $67,000, of which $7,500 is designated for utility costs. His actual utility costs were $7,000. He is not exempt from the self-employment (SE) tax. On his tax return, Reverend Smith must report what amount of income for income tax purposes and what amount for SE tax purposes?

a) $59,500 for income tax purposes and $31,500 for SE tax purposes

b) $60,000 for income tax purposes and $31,000 for SE tax purposes

c) $60,000 for income tax purposes and $91,000 for SE tax purposes

d) $91,000 for income tax purposes and $31,000 for SE tax purposes