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John,an employee of a manufacturing company,suffered a heart attack and was unable to work for six months.He received $1,500 per month of disability benefits as a result of an employer-provided group policy.The benefits are includible in John's gross income.
Support Payments
Support payments are financial contributions typically made by one individual to another for maintenance, often in the context of alimony or child support following a divorce or separation.
Bankruptcy Estate
A legal term referring to the collective assets and liabilities that are considered part of the bankruptcy process.
Absolute Right
A legal or moral right that is not subject to any limitations or conditions; it must be upheld under all circumstances.
Bankruptcy Case
A legal proceeding involving a person or business that is unable to repay outstanding debts, overseen by a court.
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