Miranda Is Not a Key Employee of AB Corporation

question 99

Multiple Choice

Miranda is not a key employee of AB Corporation.AB provides Miranda with group term life insurance coverage of $140,000.The premiums attributable to the excess coverage are $1,300.The uniform one-month group-term premium is one dollar per $1,000 of coverage.How much must Miranda include in income?

• A)$0
• B)$1,080
• C)$1,300
• D)$1,680

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Definitions:

Intrinsic Motivation

Intrinsic motivation is the drive to engage in activities for their own sake, stemming from personal satisfaction, curiosity, or challenge, rather than external rewards.

Foster Parent

A foster parent is an individual or couple who provides a temporary home and care for children whose biological parents are unable to do so.

Material Rewards

Tangible, physical rewards given to individuals for achieving specific goals or desired behavior, often used as a motivational tool in various settings.

Yerkes-Dodson Law

A theory proposing that there is an optimal level of arousal for the best performance on a task: too little or too much arousal can decrease performance.