Nathan was in a severe car accident and was permanently disabled. Nathan is 45 and is now receiving disability payments from a 100% employer-funded disability insurance plan. At what age can he stop reporting his employer-paid disability plan payments as wages?

a)      Nathan is not required to report the payments he is currently receiving. The disability income is nontaxable.

b)      Nathan's disability plan decides when he can stop reported in the payments as wages.

c)      When he is eligible to begin receiving Social Security benefits.

d)      The age at which the taxpayer can first receive a pension or annuity if he were not disabled

Answer rating: 100% (QA)

Answer c When he is eligible to begin receiving Social Security benefits We compute your be... View the full answer