Mr. Alex Burrow is a member of a group disability benefit plan sponsored by his...
80.2K
Verified Solution
Question
Accounting
Mr. Alex Burrow is a member of a group disability benefit plan sponsored by his employer. During 2020, Mr. Burrow was required to contribute $300 to this plan. During 2021, his employer's share of the annual premium was $1,800. During 2021, Mr. Burrow became disabled and filed a claim that provided $5,250 in benefits from the disability plan. He had only contributed $225 to plan in 2021. What amount will Mr. Burrow include in his 2021 employment income? (4 marks) A) $1,575 B) $1,800 C) $5,025 D) $5.250 E) None of the above
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.