Register
Jamarcus injured his hand playing softball one weekend. The injury prevented him from being able to work. Luckily for Jamarcus, he had purchased a disability policy for himself earlier in the year. Jamarcus
141k views
2 votes
Jamarcus injured his hand playing softball one weekend. The injury prevented him from being able to work. Luckily for Jamarcus, he had purchased a disability policy for himself earlier in the year. Jamarcus received $1,300 in disability benefits while he was away from work. Jamarcus should include $ in gross income____.1. Yes2. No

User Mkuff
by
3.1k points

1 Answer

2 votes

Answer:

2. No

Step-by-step explanation:

Disability benefits are not included in the calculation of personal gross income whatsoever. This is because disability benefits are not subject to any taxes, and personal gross income is calculated as the stepping stone to compute tax obligations.

User Ben Bagley
by
3.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.8m questions

4.8m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelors degree
The method of appraisal in which the appraiser estimates the replacement cost of the building, deducts depreciation, and adds the value of the site is:________
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches of stir-fry. Customers have only one choice during the lunch hour so that
Link Copied!