Question
Albert was injured in an accident during the course of his employment. As a result of injuries sustained, he received the following payments : Damages
Albert was injured in an accident during the course of his employment. As a result of injuries sustained, he received the following payments :
- Damages for personal injuries: $8,000
- Worker's compensation: $3,000
- Reimbursement from his employer's accident and health plan for medical expenses paid by Wren: $1,200
what would be the amount to be included in Albert's 2012 gross income ?
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Corporate Financial Accounting
Authors: Carl S Warren, Jeff Jones
16th Edition
0357510380, 978-0357510384
