Employer-provided accident insurance

Assignment Help Project Management

Reference no: EM13991087

Bill was severely injured when he was hit by a car while jogging. He spent one month in the hospital and missed three months of work because of the injuries. Total medical costs were $60,000. Bill received the following payments as a result of the accident:

His employer-provided accident insurance reimbursed him for $48,000 of the medical costs and provided him with $3,800 in sick pay while he was out of work.
A private medical insurance policy purchased by Bill paid him $12,000 for medical costs.
His employer gave Bill $6,000 to help him get through his rehabilitation period.
A separate disability policy that Bill had purchased paid him $4,000.

How much gross income does Bill have as a result of the payments received for the accident?

Reference no: EM13991087

Questions Cloud

What is leaning and what is learned : What is leaning? What is learned? How do people learn? Eplain the three previous questions utilizing Chapter 4 information in Employee Training and Development. Select two of the different learning theories and compare and contrast the theories. Fina..

Employer medical insurance policy : Determine the tax treatment of the payments received in each of the following cases: a. Anastasia is covered by her employer's medical insurance policy. During the current year, the policy reimburses her for $960 of the $1,200 in medical costs s..

Recalled due to his civil rights activities : Payne was employed as a seasonal worker at McLemore's fertilizer plant; he had worked in that position for 5 years. Payne was always laid off at the end of the busy season, and then recalled again later in the year when the season began again. Payne ..

In us work places the laboratory safety issue : In US work places the laboratory safety issue has been over concerned and overemphasized

Employer-provided accident insurance : Bill was severely injured when he was hit by a car while jogging. He spent one month in the hospital and missed three months of work because of the injuries. Total medical costs were $60,000. Bill received the following payments as a result of the..

Write a newspaper article about the researched information : You will need to find the scores of the last 5 games of the given towns, Make an appropriate graph comparing and displaying the given data. Write a newspaper article about the researched information. Make a newsletter page with the graph/graphs and a..

Occupational safety and health administration : Occupational Safety and Health Administration standard (OSHA) requires all workplaces

Choose an rdbms for the final solution : As you are designing and developing the database, you think to the future and want to be able to grow the database as required, not only expanding the data model as needed, but also in the event that the company wants to open remote data centers a..

What are some of the consumer behavior-related concepts : What are some of the consumer behavior-related concepts you are aware of? Briefly describe each one, and identify two concepts or principles of consumer behavior that you feel could help you improve your own business (if you are a business owner) or ..

User Account

All Pages