James Martin received the following compensation and fringe benefits from his employer during 2007:
|
Salary |
$50,000 |
|
Year-end bonus |
10,000 |
|
Medical insurance premiums paid by employer |
1,000 |
|
Reimbursement of qualified moving expenses |
5,000 |
What amount of the preceding payments should be included in Martin’s 2007 gross income?
- $60,000
- $61,000
- $65,000
- $66,000