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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 insurance
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 Terrys gross income under the following independent circumstances?
Terry has disability insurance provided by his employer as a nontaxable fringe benefit. Terrys employer paid $5,860 in disability premiums for Terry this year.
amount included in gross income?
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