Ed an employee of the natural color company suffered from a

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Ed, an employee of the Natural Color Company, suffered from a rare disease that was very expensive to treat. The local media ran serveral stories about Ed's problems, and the family received more than $10,000 in gifts from individuals to help pay the medical bills. Ed's
employer provided hospital and medical insurance for its employees, but the policy did not cover Ed's illness. Shortly before Ed's death his employer paid $50,000 of Ed's accoumulated medical bills. Afer Ed's death, his formeremployer paid Ed's widow $12,000 in "her time of need." Ed's widow also collected $25,000 on a group term life insurance policy paid for by Ed's employer. What are Ed's and his widow's gross income?

Reference no: EM13597660

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