Question: Todd Redden is a supervisor at Pinebank Construction. He contributes $2,688 annually to a FSA and has medical insurance that has a $250 monthly premium.

Todd Redden is a supervisor at Pinebank Construction. He contributes $2,688 annually to a FSA and has medical insurance that has a $250 monthly premium. He earns a salary of $66,400 and is paid semimonthly.

Required: What is his taxable income per period? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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