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Jaxon is a construction worker. Jaxon was injured on the job and he was required to miss work. Consequently, he received payments from his work
Jaxon is a construction worker. Jaxon was injured on the job and he was required to miss work. Consequently, he received
payments from his work disability insurance policy. Which of the following statements is true concerning these payments?
A If Jaxon directly paid all of the premiums on the policy, he is required to include the disability payments received in his
gross income.
B If Jaxons employer paid all of the premiums as a nontaxable fringe benefit, Jaxon is not required to include the
payments received in gross income.
C If Jaxons employer paid all of the premiums as a taxable fringe benefit, Jaxon is not required to include the payments
received in gross income.
D None of the above
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