Andres has received the following benefits this year. Besides these benefits, A...
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Andres has received the following benefits this year.
| Salary | $ 103,750 |
|---|---|
| Contribution to qualified pension plan | 15,000 |
| Qualified health insurance premiums | 12,800 |
| Year-end bonus | 22,800 |
| Group-term life insurance premiums (face = $40,000) | 2,085 |
| Whole-life insurance premiums (face = $100,000) | 2,870 |
| Disability insurance premiums | 2,070 |
Besides these benefits, Andres missed work for two months due to an illness. During his illness, Andres received $7,260 in sick pay from a disability insurance policy. Assume Andres has disability insurance provided by his employer as a nontaxable fringe benefit. What amount, if any, must Andres include in gross income this year? ENTER AMOUNT in format $XXX,XXX no cents.
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