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Returns of Human Capital (LO. 5) Bill was severely injured when he was hit by a car while jogging. He spent one month in the

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Returns of Human Capital (LO. 5) Bill was severely injured when he was hit by a car while jogging. He spent one month in the hospital and missed three months of work because of the injuries. Total medical costs were $64,000. Bill received the following payments as a result of the accident: - His employer-provided accident insurance reimbursed him for $51,200 of the medical costs and provided him with $3,200 in sick pay while he was out of work. - A private medical insurance policy purchased by Bill paid him $12,800 for medical costs. - His employer gave Bill $5,600 to help him get through his rehabilitation period. - A separate disability policy that Bill had purchased paid him $3,800. Bill has a gross income of $ as a result of the payments received for the accident

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