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Problem $5-32($LO$.2)$

Donald was killed in an accident while he was on the job. Darlene, Donald's wife, received several payments as a result of Donald's death.

Review the payments below and then enter the amount to be included in Darlene's gross income in the table provided.

a$.$ Donald's employer paid Darlene an amount equal to Donald's three months' salary $($$$60,000),$ which is what the employer does for all widows and widowers of deceased employees.

b$.$ Donald had $$20,000$ in accrued salary that was paid to Darlene.

c$.$ Donald's employer had provided Donald with group term life insurance of $$480,000,$ which was payable to his widow in a lump sum. Premiums on this policy totaling $$12,500$ had been included in Donald's gross income under $79.$

d$.$ Donald had purchased a life insurance policy $($premiums totaled $$250,000)$ that paid $$600,000$ in the event of accidental death. The proceeds were payable to Darlene, who elected to receive installment payments as an annuity of $$30,000$ each year for a $25-$year period. She received her first installment this year.

If an amount is zero, enter $"0".$

$\backslash$table$[[$a$.$ Employer payments,$\backslash$table$[[$Amount$],[$Received$]],\backslash$table$[[$Amount$],[$Taxable$]],],[$b$.$ S Accrued salary, earned before death,$$60,000,$$$20,000,$$