Question
Terry was ill for three months and missed work during this period. During the illness, Terry received $6,400 in sick pay from a disability insurance
Terry was ill for three months and missed work during this period. During the illness, Terry received $6,400 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.
Required:
Terry has disability insurance provided by his employer as a nontaxable fringe benefit. Terry's employer paid $3,790 in disability premiums for Terry this year.
Terry paid $3,790 in premiums for his disability insurance this year.
Terry's employer paid the $3,790 in premiums for Terry, but Terry elected to have his employer include the $3,790 as compensation on Terry's W-2.
Terry and his employer share the cost of the disability insurance. Terry's employer paid $3,500 in disability premiums for Terry this year as a nontaxable fringe benefit, and Terry paid the remaining $290 of premiums from his after-tax salary.
Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.
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