Ben Became Disabled at the End of Last Year

question 32

Multiple Choice

Ben became disabled at the end of last year.In January of the current year, he began to receive $1,500 per month disability payments from a policy that he held through his employer.His employer paid $25 of the monthly premium for the policy and Ben paid $50.How much must Ben include in income in the current year for the disability payments?

• A)$600
• B)$1,500
• C)$6,000
• D)$12,000

---

Definitions:

Digital Rights Management

A set of access control technologies used by publishers or copyright holders to protect their intellectual property from unauthorized distribution or copying.

Software License Agreement

A legal contract between the licensor and purchaser, establishing the purchaser's right to use the software.

Purchase

The act of acquiring goods or services in exchange for money.

Register

The act of recording or enlisting information, events, or transactions, often for official keeping or as a preliminary step to gain access to a service or system.