If the Employer Provides All Employees with Group Term Life

question 64

True/False

If the employer provides all employees with group term life insurance equal to twice the employee's annual salary, an employee with a salary of $50,000 has no gross income from the life insurance protection provided by the employer.

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Definitions:

Nominal

A term referring to values or categories that are names or labels without a natural order or ranking.

Meditation

A practice of mindfulness or concentration to achieve a mentally clear and emotionally calm state.

Physiological Arousal

A physical state of heightened alertness and readiness, typically involving increased heart rate, blood pressure, and sensory alertness.

REM Activity

Rapid Eye Movement activity; a phase of sleep characterized by quick movements of the eyes, dream occurrences, and increased brain activity.