Question

If an employee contributes 50 toward the disability plan premium provided by an employer what would be

Answer 1

The taxable income of a $1,000 monthly disability benefit will be $500

What is Disability Benefit?

• Disability Benefit is the largest of several Federal programs that help people with impairments is the income disability program. Although these two systems differ greatly from one another, they are both managed by the Social Security Administration, and only those with a handicap who meet certain medical requirements are eligible for payments under Disability Benefit program.
• If you are "covered," which means that you have worked long enough and paid Social Security taxes, Disability Benefit program distributes benefits to you and specific members of your family.
• Additional Security Benefits are paid depending on financial need and income.
• When you submit an application for Disability Benefit, we will gather medical and other data about you and determine whether you fall within the Social Security Administration's definition of disability.

Disability Benefit = 50% of taxable income

Disability Benefit = 50% × 1000

Disability Benefit = $500

To learn more about disability benefits with the given link

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Question:

If an employee contributes 50% toward the disability plan premium provided by an employer, what would be considered the taxable income of a $1,000 monthly disability benefit?

a. $100

b. $250

c. $500

d. $1,000