What is the total amount of the receipts


Frank Clarke, an employee of Smithson Company, was covered under a noncontributory pension plan. Frank died on April 15 2010 at age 64 and pursuant to the plan, his widow received monthly pension payments of 500 beginning May 1 2010. This non forfeitable death benefit was part of a group plan. What is the total amount of the above receipts that the widow should exclude from her gross income for 2010.

a. 0

b. 5000

c. 9000

d. 14000

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Accounting Basics: What is the total amount of the receipts
Reference No:- TGS084681

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