6.
Rex, age 55, is an officer of Blue Company, which provides himwith the following nondiscriminatory fringe benefits in 2019:
• | Hospitalization insurance premiums for Rex and his dependents.The cost of the coverage for Rex is $2,900 per year, and theadditional cost for his dependents is $3,800 per year. The plan hasa $2,000 deductible, but his employer contributed $1,500 to Rex'sHealth Savings Account (HSA). Rex withdrew only $800 from the HSA,and the account earned $50 of interest during the year. | • | Insurance premiums of $840 for salary continuation payments.Under the plan, Rex will receive his regular salary in the event heis unable to work due to illness. Rex collected $4,500 on thepolicy to replace lost wages while he was ill during the year. | • | Rex is a part-time student working on his bachelor's degree inengineering. His employer reimbursed his $5,200 tuition under aplan available to all full-time employees. |
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For each of the following items, enter the amount to be includedin Rex's gross income.
If an amount is zero, enter "0".
| | Amount Included | a. | Hospitalization insurance premiums for Rex and hisdependents. | $ | b. | Insurance premiums of $840 for salary continuation payments. | $ | c. | The $4,500 Rex collected on the salary continuation policy toreplace lost wages while he was ill during the year. | $ | d. | Tuition reimbursement under a plan available to all full-timeemployees. | $ |
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plz answers this Questions with the explanations.
