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Terry was ill for three months and missed work during this period. During the illness, Terry received $8,600 in sick pay from a disability insurance

image text in transcribedimage text in transcribed Terry was ill for three months and missed work during this period. During the illness, Terry received $8,600 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) - Terry's employer paid the $5,940 in premiums for Terry, but Terry elected to have his employer include the $5,940 as ompensation on Terry's W-2. Terry was ill for three months and missed work during this period. During the illness, Terry received $8,600 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 d (Algo) - Terry and his employer share the cost of the disability insurance. Terry's employer paid $4,700 in disability premiums for Terry this ear as a nontaxable fringe benefit, and Terry paid the remaining $1,240 of premiums from his after-tax salary. lote: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount

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