Early in the year,Marion was in an automobile accident during the course of his employment.As a result of the physical injuries he sustained,he received the following payments during the year: Reimbursement of medical expenses Marion paid by a medical $10,000
Insurance policy he purchased
Damage settlement to replace his lost salary 15,000
What is the amount that Marion must include in gross income for the current year?
A) $25,000.
B) $15,000.
C) $12,500.
D) $10,000.
E) $0.
Correct Answer:
Verified
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