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xxTIMURxx [149]
3 years ago
6

John is injured and receives $16,000 of income from a disability policy. John's employer paid 100% of the disability policy prem

iums. In addition, John's employer has paid all the $3,000 of premiums on a health policy that paid John's doctor bills of $10,000. How much of the benefits must John include in income
Business
1 answer:
Aleks [24]3 years ago
7 0

Answer:

$16,000

Explanation:

Given:

Amount receives from disability policy = $16,000

John's employer paid = 100%

Amount include in income = ?

Computation of amount include in income:

Amount include in income = Amount receives from disability policy × John's employer paid

Amount include in income = $16,000 × 100%

Amount include in income = $16,000

Note: Payments receives from the health insurance Policies are not included.

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