Question
During the current year, Andrew sustained a serious physical injury in the course of his employment.As a result of the injury sustained,he received the following
During the current year, Andrew sustained a serious physical injury in the course of his employment.As a result of the injury sustained,he received the following payments during the year:
SourcePayment
Compensation for loss of income$7,000
Worker's compensation4,500
Long-Termdisabilitypayments received.
Policy provided by employer and not taxed2,000
Punitive damages awarded by courtfor
physical personal injuries5,000
What is the amount to be included in Andrew's gross income for the current year?
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
