During the current year, Billy sustained a serious injury in the course of his employment. As a result of the injury sustained, he received the following payments during the year:
Compensation for loss of income $7,000
Worker's compensation $4,500
Reimbursement from his employer's accident and health plan for medical expenses paid by Billy $2,000
Damages for physical personal injuries $5,000
What is the amount to be included in Billy's gross income for the current year?
a. $-0-.
b. $6,500.
c. $7,000.d.
d. $9,000.
e. $11,500.
Answer: A. $-0-