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Hospitalization insurance premiums for Matt and his dependents. The cost of the coverage for Matt is $3,325 per year, and the additional cost for his
- Hospitalization insurance premiums for Matt and his dependents. The cost of the coverage for Matt is $3,325 per year, and the additional cost for his dependents is $3,600 per year. The plan has a $2,000 deductible, but his employer contributed $1,500 to Matt's Health Savings Account (HSA). Matt withdrew only $800 from the HSA, and the account earned $25 of interest during the year. Insurance premiums of $1,050 for salary continuation payments. Under the plan, Matt will receive his regular salary in the event he is unable to work due to illness. Matt collected $4,400 on the policy to replace lost wages while he was ill during the year. Matt is a part-time student working on his bachelor's degree in engineering. His employer reimbursed his $3,600 tuition under a plan available to all full-time employees.
- For each of the following items, enter the amount to be included in Matt's gross income.
- If an amount is zero, enter "0".
- a. Hospitalization insurance premiums for Matt and his dependents. $______________
- b. Insurance premiums of $1,050 for salary continuation payments. $_______________
- c. The $4,400 Matt collected on the salary continuation policy to replace lost wages while he was ill during the year. $____________
- d. Tuition reimbursement under a plan available to all full-time employees. $________________
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