Tonya's employer pays the full premium on a disability income policy from an insurance company on behalf of all employees. After a skiing accident, Tonya was out of work for three months and collected $2,000 per month ($6,000 total) of disability benefits from this policy. In addition, Tonya received another $1,000 per month ($3,000 total) from a disability policy she had purchased herself. Tonya had paid a total of $1,300 in premiums on her policy. How much of the $9,000 total received is taxable?
A. $7,700
B. $3,000
C. $6,000
D. $9,000
Answer: C
You might also like to view...
Which questionable practice can be seen as an opportunity to meet community obligations in a collective culture?
A. false information B. bribery C. nepotism D. human rights
Society is hurt when business managers behave ethically
Indicate whether the statement is true or false
Nigel McCloskey is a waiter at Albicious Foods in South Carolina. He is single with one withholding allowance. He receives the standard tipped hourly wage. During the week ending October 22, 20XX, he worked 44 hours and he received $170 in tips. Calculate his gross pay, assuming his times are included in the overtime rate determination.
What will be an ideal response?
What is the term for there being no relationship between demands for various items?
Fill in the blank(s) with the appropriate word(s).