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Serena is a member of her employer's group disability insurance plan. Serena and her employer share the cost of the premium 50%/50% and the total
Serena is a member of her employer's group disability insurance plan. Serena and her employer share the cost of the premium 50%/50% and the total premium paid on the plan to date has been $7,400. Serena made her first claim since joining that plan and received $21,000 in benefits this past year. How much of the disability income would be taxable to Serena?
a. $0
b. $3,700
c. $17,300
d. $21,000
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