Salaries and Wages (LO 2.2) Kristen, a single taxpayer, receives two 2021 Forms W-2 from the two employers she worked for during the year. One Form W-2 lists her wages in Boxes 1, 3, and 5 as $18,700. Her other employer's form W-2 has $43,000 in Box 1 but $46,500 in both Box 3 and Box 5. Kristen participated in the second employer's 401(k) plan. She also received health care from her second employer. Lastly, her second employer provided $30,000 of group term life insurance to Kristen. a. What amount should Kristen report as taxable wages in 2021 b. What could explain the difference between Box 1 wages and Boxes 3 and 5 on her second employer's W-27 It would appear that Kristen made of contributions toward her employer's 401(k) plan. The health care and group term ste benefits do x create a difference between Box 1 and wages taxable for Social Security and Medicare in Baixes 3 and 5.1