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Steve, age 55, retired last year on disability due to back problems.Before retirement, his employer paid 75% of his disability insurance premiums.Last year, Steve received
Steve, age 55, retired last year on disability due to back problems.Before retirement, his employer paid 75% of his disability insurance premiums.Last year, Steve received $1,350 per month from disability (for 12 months).How much of Steve's disability payments are reported as taxable income?
Select one:
a.$4,050
b.$16,200
c.$12,150
d.$0
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