LO.2 Billy fell off a bar stool and hurt his back. As a result, he was unable to work for three months. He sued the bar owner and collected $100,000 for the physical injury and

$50,000 for the loss of income. Billy also collected $15,000 from an income replacement insurance policy purchased by his employer. Amber was away from work for three months following heart bypass surgery. Amber collected $30,000 under an income replacement insurance policy she had purchased. Are the amounts received by Billy and Amber treated the same under the tax law? Explain.