Marco and his family are covered by his company's health insurance plan. The health insurance costs his company $8,500 a year. During the year, Marco's daughter is diagnosed with a serious illness and the health insurance pays $25,000 for treatment. How much of the insurance and treatment costs are taxable to Marco?

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The Answer of Marco and his family are covered by his company's health insurance plan. The health insurance costs his company $8,500 a year. During the year, Marco's daughter is diagnosed with a serious illness and the health insurance pays $25,000 for treatment. How much of the insurance and treatment costs are taxable to Marco?

Marco and His Family Are Covered by His Company's Health