What would box $1$ of the w$-2$ form be for Nancy is employed as a nuclear engineer with Atom Systems Consultants, Inc. $($ASCI$).$ ASCl's federal employer identification number is $79-1234466.$ Nancy's pay stubs indicate that she had $$3,230$ witheld in federal taxes, $$2,270$ in state taxes, $$3,667$ in Social Security taxes, and $$858$ in Medicare taxes.

Nancy earned a salary of $$65,000$ before subtracting her $401(k)$ contributions. She contributed $$6,500$ to her $401(k)$ account.

ASCI provided Nancy with $$85,000$ of group term life insurance coverage during the year. Use the information about group term life insurance policies from Chapter $12$ to determine Nancy's taxable benefit and include it as part of Line $1$ on Form $1040.$

ASCI paid health club dues of $$600$ to a nearby health club on Nancy's behalf.

Nancy received free parking in the company's security garage that would normally cost $$200$ per month.

For her strong performance, Nancy was offered a year$-$end bonus in $2023$ equal to $5\%$ of her regular salary. The bonus will be included with her first paycheck in January.