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Tanya's employer offers a cafeteria plan that allows employees to choose among a number of...

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Accounting

Tanya's employer offers a cafeteria plan that allows employees to choose among a number of benefits. Each employee is allowed $6,000 in benefits. For 2017, Tanya selected $3,300 ($275 per month) of parking, $2,200 in 401(k) contributions, and $800 of cash. How much must Tanya include in taxable income?

a. $0

b. $1,040

c. $1,120

d. $4,000

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