The taxpayer is a salaried employer earning a base salary of $45,000 per year. In addition this,
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The taxpayer is a salaried employer earning a base salary of $45,000 per year. In addition this, he has annual contributions to a 401k reported on his W-2 of $2,000 and healthcare coverage of $8,500 per year. His annual bonus for the tax year is $4,750 and he was awarded a $100 gift card as a length-of-service award. He receives $200 per month to pay for transit passes on the rail line or to park at his place of employment, whichever he chooses. What is the gross value of his wage at this job?
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