31. KRF Corporation provides all of its employees with group term life insurance coverage equal to two times their annual salary. Amanda, an employee, earns $60,000 per year and is currently 35 years old. She is not considered a key employee and pays nothing for this benefit. The uniform annual premium for someone the age of Amanda is .20 per $1,000 per month of coverage. How much, if any, is W-2 taxable income to Amanda resulting from the provision of this insurance? a)-0- b) $14 c) $168 d) $288 32. In which one of the situations below will the benefits paid from a group disability policy be taxable to the employee/insured? a) The employee pays the policy premiums. b) The employer pays the policy premiums. The benefits are discriminatory in excess of a threshold amount. c) d) The benefits are payable from a participating policy 33. Archie, an executive, is employed by a large corporation with 600 employees. As an executive benefit, Archie's employer pays country club dues of $2,000 per month for Archie and his family. This is a discount of $500 per month that would otherwise be charged if not paid by an employer. What amount, if any, is included in Archie's income related to this no-cost fringe benefit provided by his employer? a) -0- b) S 2,000 c) S 6,000 d) $24,000 34. Which one of the following fringe benefits may discriminate in favor of highly compensated employees without loss of its tax-free status? a) Qualified employee discount b) Working conditions fringe benefit c) Educational assistance program d) Dependent care assistance program