Belinda, a 55 year old single woman with no dependents, has a $75,000 gröup term life insurance policy through her employer. Her employer pays the premiums on Belinda's group term life insurance policy. How much per year will Belinda have to include into her gross income associated with the cost of this insurance? Assume the cost of this insurance is $0.43 per month per $1,000 of coverage. Multiple Choice $0 $65 $129 None of the above
Belinda, a 55 year old single woman with no dependents, has a $75,000 gröup term life insurance policy through her employer. Her employer pays the premiums on Belinda's group term life insurance policy. How much per year will Belinda have to include into her gross income associated with the cost of this insurance? Assume the cost of this insurance is $0.43 per month per $1,000 of coverage. Multiple Choice $0 $65 $129 None of the above
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 40P
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