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How much income must jamal report from his job

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Question - Jamal, age 52, is a manager for Triple W Company. His annual salary is $100,000 and he receives the following fringe benefits during the current year:

Triple W pays for all employees' health and accident insurance. Triple W pays $4,000 for Jamal's health insurance during the year.

Triple W provides Jamal with group-term life insurance coverage of $200,000 during the year. The monthly inclusion amount per $1,000 of coverage is $.23.

Triple W has a flexible benefits plan in which employees may participate to pay any costs not reimbursed by their health insurance. Jamal has $3,600 withheld from his salary under the plan. During the year he receives reimbursements of $3,300.

Triple W pays for mass transit passes for all employees of $100 a month.

Triple W pays Jamal's annual membership dues of $450 to the Society of Human Resource Management Association. The company also subscribes to several management journals for Jamal costing $650 a year.

Jamal took a college class on employment law and Triple W reimbursed his tuition of $6,000.

Jamal's consumption of coffee provided by Triple W is valued at $700 a year.

How much income must Jamal report from his job?

Reference no: EM132089051

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