Gordon, an Employee, Is Provided Group Term Life Insurance Coverage

question 47

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 2018 gross income which of the following amounts?

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

---

Definitions:

Corporate Culture

Corporate culture refers to the shared values, beliefs, and practices that shape the social and psychological environment of a business organization.

Leadership Qualities

Attributes and behaviors exhibited by individuals who effectively guide, influence, or command groups, teams, or organizations.

Leadership Competencies

A set of skills and behaviors that contribute to effective leadership, including strategic thinking, emotional intelligence, and decision-making capabilities.

Behavioral Perspective

An approach to understanding human behavior that focuses on the observable behaviors and the effects of the environment on those behaviors.