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@AmyC I get it now! It is a form of disability insurance. I will report 26.78% of the income I received, which was the portion of employer-paid premiums, since the premiums I paid must have been post-tax deductions since they did not reduce my taxable income, even though they were calculated on a pre-tax basis. (Confusing!)

Thank you so much for your time and assistance!!

 

I realize now that the figures in my original post were incorrect (swapped) which led to your second reply quoting the same wrong figures. I apologize. I ended up mixing myself up, through you, due to the typos of someone else! WHOOPS. I edited the percentages (the quote) in my original post. If you would like to do the same in your second answer, for anyone in the future who might read this with the same problem, I'm sure this post will help them.

 

You're awesome!