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:

Primary Reinforcement

A type of reinforcement that is inherently rewarding, such as food or water, which satisfies a biological need.

Law of Effect

A principle of learning that states behaviors followed by positive outcomes are more likely to be repeated, while those followed by negative outcomes are less likely to occur.

Variable Ratio

A reinforcement schedule in operant conditioning where a response is reinforced after an unpredictable number of responses, enhancing its effectivity.

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, often used in behavior modification programs.