Question
Terry was ill for three months and missed work during this period. During his illness, Terry received $8,200 in sick pay from a disability insurance
Terry was ill for three months and missed work during this period. During his illness, Terry received $8,200 in sick pay from a disability insurance policy. What amounts are included in Terrys gross income under the following independent circumstances? (Leave no answer blank. Enter zero if applicable.) Problem 5-77 Part-d (Algo)
d. Terry has disability insurance whose cost is shared with his employer. Terrys employer paid $4,100 in disability premiums for Terry this year as a nontaxable fringe benefit, and Terry paid the remaining $1,640 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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