Ursula is employed by usa corporation usa corporation

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Reference no: EM13604779

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: Medical and health: $3,600 Disability: $300 Group term life (face amount is $40,000): $200 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.

Reference no: EM13604779

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