Donald was killed in an accident while he was on the job, Darlene, Donald's wife,...
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Accounting
Donald was killed in an accident while he was on the job, Darlene, Donald's wife, received several payments as a resuit of Donald's death. Review the payments below and then enter the amount to be included in Darlene's gross income in the table provided. a. Donald's employer paid Darlene an amount equal to Donald's three months' salary ($21,800), which is what the employer does for all widows and widowers of deceased employees. b. Donald had $12,200 in accrued salary that was paid to Darlene. c. Donald's employer had provided Donald with group term life insurance of $90,000, which was payable to his widow in a lump sum. Premiums on this policy totaling $17,100 had been included in Donald's gross income under 579 . d. Donald had purchased a life insurance policy (premiums totaled $140,000 ) that paid $382,000 in the event of accidental death. The proceeds were payable to Darlene, who elected to receive instaliment payments as an annuity of $35,500 each year for a 25year period. She recelved her first installment this year

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