The following amounts are paid to Neville Norton for the year ended December 31, of...

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Accounting

The following amounts are paid to Neville Norton for the year ended December 31, of the current year:
1- monthly vehicle allowance =$200 per month
2- Blue Cross (private health plan) premiums =$800
3- group term life insurance premiums =$840
4- reimbursement for travel expenses incurred by Neville =$1,000
The total amount of taxable benefits included in Neville Norton's employment income in the current year is:
a. $2,400
b. $3,240
c. $4,040
d. $4,240
e. $5,040
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