Tavis works for a company that sponsors a flexible spending arrangement (FSA) as part of the cafeteria plan. Tavis's annual salary is $150,000 before any reduction for contributions to the FSA. Tavis elects to fund his FSA by reducing his salary by $2,500 to pay for medical and dental expenses not covered by insurance. Tavis pays $2,420 in qualified expenses through the FSA. The unused $80 is retained by the plan. Tavis received no distributions from this plan. Taviss employer also paid $470 for premiums on a $240,000 face value group term life insurance policy for him. The group term life insurance rate is $0.15 per month per $1,000. Tavis is a key employee but it is not a discriminatory plan. How much gross income must Tavis report on his tax return?