Chapter $12$ and $13-$ Calculating Box $1$ of Form W$-2$

Gil $($single$,$ age $24)$ is an employee of ABC, Inc., and he receives several fringe benefits and retirement benefits.

His employer$-$provided health insurance plan is considered a high$-$deductible plan, so his employer has given him

access to a health savings account. During the current year, Gil paid $$25$ per month for his health insurance and

contributed $$50$ per month to his health savings account $($through salary withholding$).$ ABC, Inc. covered the

remaining $$300$ of his monthly health insurance premium, contributed $$50$ per month to Gil's health savings

account, and paid $$18$ per month for Gil's $$225,000$ group$-$term life insurance. Gil contributed $$500$ per month to

ABC, Inc.$\text{'}$s traditional $401($k$)$ plan $($through salary withholding$),$ which ABC, Inc. matched at a rate of $$0\mathrm{.}50$ per dollar

contributed. Assuming Gil's salary for the current year is $$63,500$ and nothing else affects his taxable wages, what

amount will be reported on Box $1$ of Form W$-2?$

Numeric Response