Early in the Year,Marion Was in an Automobile Accident During

question 30

Multiple Choice

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 insurance policy he purchased
$10,000
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.

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Definitions:

Economic Costs

The total value of all the resources consumed in the production of goods or services, including both direct and indirect costs.

Caregiving

The act of providing care for someone who is in need of assistance or support, often involving physical, emotional, or financial aid.

Androgyny

The gender identity of those who score high on both instrumental and expressive traits.

Adjustment

The process of adapting or becoming used to a new situation, condition, or environment.