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How much must ursula include in income relative

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Ursula is employed by USA Corporation. USA Corporation provides medical and? health, disability, and group term life insurance coverage for its employees. Premiums attributable to Ursula were as? follows:

During the? year, Ursula suffered a heart attack and subsequently died. Before her? death, Ursula collected $14,000 as a reimbursement for medical expenses and $5,000 of disability income. Upon her? death, Ursula's husband collected the $40,000 face value of the life insurance policy.

Data Table

Medical and health $3,600

Disability $300

Group term life (face amount is $40,000) $200

Question a. What amount can USA Corporation deduct for premiums attributable to Ursula??

Question b. How much must Ursula include in income relative to the premiums? paid?

Question c. How much must Ursula include in income relative to the insurance? benefits?

Question d. How much must Ursula's widower include in? income?

Reference no: EM132584477

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