Gordon,an Employee,is Provided Group Term Life Insurance Coverage Equal to Twice

question 21

Multiple Choice

Gordon,an employee,is provided group term life insurance coverage equal to twice his annual salary of $125,000 per year.According to the IRS Uniform Premium Table (based on Gordon's age) ,the amount is $12 per year for $1,000 of protection.The cost of an individual policy would be $15 per year for $1,000 of protection.Since Gordon paid nothing towards the cost of the $250,000 protection,Gordon must include in his 2017 gross income which of the following amounts?

• A)$1,350.
• B)$2,400.
• C)$3,000.
• D)$3,750.
• E)None of these.

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Definitions:

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Physical activity that improves oxygen consumption by the body through increased heart rate and muscle movement, beneficial for cardiovascular health.