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Required information Problem 5 - 6 7 ( LO 5 - 3 ) ( Algo ) [ The following information applies to the questions displayed

Required information
Problem 5-67(LO 5-3)(Algo)
[The following information applies to the questions displayed below.]
Terry was ill for three months and missed work during this period. During the illness, Terry received $7,450 in sick pay from a disability insurance policy. What amounts are included in Terry's gross income under the following independent circumstances?
Note: Leave no answer blank. Enter zero if applicable.
Problem 5-67 Part c (Algo)
c. Terry's employer paid the $4,830 in premiums for Terry, but Terry elected to have Fis employer include the $4,830 as compensation on Terry's W-2.
Amount included in Gross Income
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