Business, 19.02.2020 00:03 Heavenleigh302

Robert works for American Motors. American Motors pays a $1,200 premium on Robert's health insurance in 2011. Robert has an operation on his big toe in 2011 that cost $7,200. The insurance company paid for $6,800 of it. Which one of the following is true?
Answer

1. Robert has to claim the $1,200 premium paid by his employer as income in 2011.
2. Robert must claim the $6,800 paid by the insurance company for the operation as income in 2011.
3. Robert must claim the $1,200 premium and the $6,800 insurance payment as income in 2011.
4. None of these events are taxable on his 2011 return.

Answers: 3

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Robert works for American Motors. American Motors pays a $1,200 premium on Robert's health insurance...