Answer:
$3,000
Explanation:
Data provided in the question:
Total amount of benefits paid to the insured = $4,000
Percentage paid by the insured = 25% of monthly premium
Now,
The total amount paid by the insured = 25% of $4,000
= 0.25 × $4,000
= $1,000
Therefore,
The monthly benefit that will be taxable
= Amount of benefits paid - total amount paid
= $4,000 - $1,000
= $3,000
