Final answer:
Frank must include his full salary as taxable gross income. Health insurance benefits are usually not taxable, but the cost of employer-provided group term life insurance over $50,000 must be included in income. Frank will need to use IRS guidelines to determine the exact amount to report from the life insurance benefit.
Step-by-step explanation:
The question asks about the amount Frank must include in his gross income from his salary and employer-provided benefits such as health insurance and group term life insurance. Generally, an individual's salary is fully taxable and must be included in gross income. Employee insurance benefits, like health insurance, are often excluded from taxable income.
However, the cost of employer-provided group term life insurance coverage that exceeds $50,000 is subject to tax and must be included in income. To calculate the taxable portion of the life insurance premium, the IRS provides a table that assigns a cost per $1,000 of excess coverage, which is then multiplied by the number of thousands of dollars of insurance coverage over $50,000.
The resulting amount is added to the employee's gross income and thus must be included as part of total compensation. However, since the calculation for the taxable portion of life insurance is not provided here, Frank would need to use the IRS guidelines to determine the exact amount that should be reported as taxable income from the life insurance benefit.