During this year, Jack was injured on his job. As a result of the injury, he received the following payments during this year:

Workers compensation $2,600

Reimbursement from his employer for medical expenses paid by Jack (medical plan) $1,200

Damages for physical injuries $10,000

What is the amount to be included in Jacks gross income for the current year?

$0

$12,000

$10,000

$13,800

Which of the following fringe benefits would be excluded from an employees gross income? 1. Business magazine subscriptions paid for by an employer in the names of various employees. 2. Season tickets to basketball games. 3. Parking provided near its business by an employer for its employees. 4. On-premises athletic facilities provided by an employer to its employees.

1 only

2 only

2 and 4

1, 3, and 4