which of the following is included in an employers gross inc
which of the following is included in an employers gross income?
A) workers compensation benefits for personal injuries
B) amount received from an employer accident and health plan for loss of a limb disfigurement
C) vacation awarded to a salesperson as a prize
D) $25,000 of employer provided group term life insurance coverage
Solution
Group term life insurance coverage is part of Payroll and it is included in employers gross income. It is benifit provided by the employer to benifit the beneficiaries if an individual dies during the period covered in the insurance.
All others are not forming part of employer gross income as they are provided when respective event happens.
Answer is Option d).
