When an individual pays the full cost of disability income insurance, a disabled employee’s benefit will be:

A
Taxable in part, up to 60% of the employee’s pretax wage

B
Nontaxable up to 60% of the employee’s pretax wage

C
Taxable in full, regardless of the employee’s wage

D
Nontaxable in full, regardless of the employee’s wage

Question

08-07-2022
Business

contestada

When an individual pays the full cost of disability income insurance, a disabled employee’s benefit will be:

A
Taxable in part, up to 60% of the employee’s pretax wage

B
Nontaxable up to 60% of the employee’s pretax wage

C
Taxable in full, regardless of the employee’s wage

D
Nontaxable in full, regardless of the employee’s wage

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dubeyshailja64 dubeyshailja64 · Answer 1 · 2022-07-12T08:00:54+02:00

When an individual pays the full cost of disability income insurance, a disabled employee’s benefit will be Non-taxable in full, regardless of the employee’s wage. Thus the correct answer is D.

What is disability income insurance?

Disability income insurance is an additional coverage created to safeguard policyholders in the event that they are unable to work as a result of an accident or illness.

When a policyholder is unable to work, disability income payments provide a monthly income to help with living expenses. When an employee pays the complete cost of disability insurance, then disabled benefits will be nontaxable in full despite of wages of employees.

Therefore, option D will be appropriate.

Learn more about disability income insurance, here:

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