__3. Felicia is covered by a $180,000 group term life insurance policy and her daughter is the beneficiary. Felicia's employer pays the entire cost of the policy for which the uniform annual premium is $8 per $1,000 of coverage. How much of this premium is taxable to Felicia? a. $0 b. $640 c. $1,040 d . $1,440 4. Scott, age 22, is a full-time student at State College and a candidate for a bachelor's degree. During the current year, he received the following payments: State scholarship (tuition and books), $5,000: Loan from college financial aid office, $2,000; Cash support from parents, $9,000; Interest income from State of Texas bonds, $500; m father's employer upon father's death, $10,000. What is Scott's adjusted gross income for the year? a. $0 b. $5,000 c. $7,000 d. $10,000 e. $26,500