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Terry was ill for three months and missed work during this period. During his illness, Terry received $8, 100 in sick pay from a disability
Terry was ill for three months and missed work during this period. During his illness, Terry received $8, 100 in sick pay from a disability insurance policy. What amounts are included in Terry's gross income under the following independent circumstances? Terry has disability insurance provided by his employer as a nontaxable fringe benefit. Terry's employer paid $5, 860 in disability premiums for Terry this year. Terry paid $5, 860 in premiums for his disability insurance this year. Terry's employer paid the $5, 860 in premiums for Terry, but Terry elected to have his employer include the $5, 860 as compensation on Terry's W-2. Terry has disability insurance whose cost is shared with his employer. Terry's employer paid $4, 500 in disability premiums for Terry this year as a nontaxable fringe benefit, and Terry paid the remaining $1, 360 of premiums from his after-tax salary. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)
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