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Terry was ill for three months and missed work during this period. During his illness, Terry received $8,850 in sick pay from a disability insurance
Terry was ill for three months and missed work during this period. During his illness, Terry received $8,850 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.)
d. Terry has disability insurance whose cost is shared with his employer. Terry's employer paid $4,300 in disability premiums for Terry this year as a nontaxable fringe benefit, and Terry paid the remaining $2,750 of premiums from his after-tax salary. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Amount included in Gross Income
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