Lane receives the following compensation and benefits during 2019:
salary $60,000
overtime bonus $12,000
value of medical insurance coverage $5,000
medical insurance reimbursements $3000
total $80,000
what amount is included in lane's current year tax computation
a. 60,000
b. 72,000
c. 77,000
d. 80,000
| Salary | 60,000 |
| Overtime bonus | 12,000 |
| Amount included in current year tax computation | 72,000 |
Option B is the answer
Comment if you face any issues
Lane receives the following compensation and benefits during 2019: salary $60,000 overtime bonus $12,000 value of...