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5. a) Rhonda Gold's life insurance coverage, through her employer's group plan is two times her annual salary of $30,000. Her employer pays the insurer

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5. a) Rhonda Gold's life insurance coverage, through her employer's group plan is two times her annual salary of $30,000. Her employer pays the insurer 100% of the cost of her life insurance coverage at a premium rate of $ 1.00 per $1,000.00 of coverage per month. Rhonda is paid on weekly basis. Calculate her taxable benefit per pay period. 3 marks

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