TB MC Qu. 05-90 (Static) Frank received the following benefits from...

Frank received the following benefits from his employer this year. What amount must Frank include in his gross income?

Benefits Received	Amount
Salary	$ 54,450
Health insurance	2,900
Group-term life insurance (face $50,000)	1,800

Multiple Choice

• $56,250

• $57,350

• $59,150

• $54,450

• $0these benefits are excluded from gross income.