John Tertiak's employer sponsors a group disability plan for its employees. The plan provides periodic benefits that compensate for lost employment income. The annual premium on this plan is $3,200, with this cost being shared equally by the employer and the employee. Because John became disabled in January, 2020, he did not make any contribution for this year. In the years prior to 2020, John had total contributions of $16,000. During 2020, because of his disability, John receives benefit under the plan totaling $24,000. What amount will John include in his 2020 net employment income?

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The Answer of John Tertiak's employer sponsors a group disability plan for its employees. The plan provides periodic benefits that compensate for lost employment income. The annual premium on this plan is $3,200, with this cost being shared equally by the employer and the employee. Because John became disabled in January, 2020, he did not make any contribution for this year. In the years prior to 2020, John had total contributions of $16,000. During 2020, because of his disability, John receives benefit under the plan totaling $24,000. What amount will John include in his 2020 net employment income?

John Tertiak's Employer Sponsors a Group Disability Plan for Its