Chapter 14, E.2

Taxpayers employer provides health insurance coverage for all its employees. If the taxpayer had made the premium payments for the year, it would have cost him $20,000. Is taxpayer required to include the benefit of the premium payments in his gross income?

Chapter 14, E.4

Taxpayer fell ill after eating at his employers annual employee appreciation picnic. He was unable to work for three days. He filed a claim with his employers insurance company. (His employer made all the premium payments on the policy.) The insurance company agreed to pay him $225 in sick pay period how much is taxpayer required to include in his gross income?

Chapter 14, E.8

Taxpayer works in a sheet metal factory and was injured when carrying a heavy piece of equipment. She filed a workers compensation claim. The claim was granted and she received a $5000 payment period the amount of the claim was based on taxpayers injuries. How much is taxpayer required to include in a gross income?