QUESTION

Which of the following payments would be taxable to the individual receiving them?

I All payments received from accident and health insurance plans purchased by the taxpayer

II Payments received for non-physical injury claims, including both compensatory payments and punitive damages

III Payments for medical expenses from accident and health insurance plans purchased by the taxpayer'semployer

IV Payments from a health insurance plan for anything other than medical expenses when the premiums arepaid for by the employer

V Compensatory payments connected to a physical injury or sickness claim (even those to cover lost wages)

VI Punitive damages awarded to physical injury or sickness lawsuits

All of these payments are taxable

II,III,IV, VI

II,III,IV

I,II,IV,VI

I, III,V

II,IV,VI