Question: Problem 5-37 (Algorithmic) (LO. 2) George, age 74, is an officer of Blue Company, which provides him with the following nondiscriminatory fringe benefits in

Problem 5-37 (Algorithmic) (LO. 2) George, age 74, is an officer of

Problem 5-37 (Algorithmic) (LO. 2) George, age 74, is an officer of Blue Company, which provides him with the following nondiscriminatory fringe benefits in 2022: Hospitalization insurance premiums for George and his dependents. The cost of the coverage for George is $2,350 per year, and the additional cost for his dependents is $3,775 per year. The plan has a $3,000 deductible, but his employer contributed $1,500 to George's Health Savings Account (HSA). George withdrew only $800 from the HSA, and the account earned $85 of interest during the year. Insurance premiums of $775 for salary continuation payments. Under the plan, George will receive his regular salary in the event he is unable to work due to illness. George collected $4,400 on the policy to replace lost wages while he was ill during the year. George is a part-time student working on his bachelor's degree in engineering. His employer reimbursed his $4,500 tuition under a plan available to all full-time employees. For each of the following items, enter the amount to be included in George's gross income. If an amount is zero, enter "0". a. Hospitalization insurance premiums for George and his dependents. b. Insurance premiums of $775 for salary continuation payments. c. The $4,400 George collected on the salary continuation policy to replace lost wages while he was ill during the year. d. Tuition reimbursement under a plan available to all full-time employees. Amount Included

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