a.

Red, Inc. provides group term life insurance to all of its employees. Susan, a vice-president, received $200,000 of coverage for the year. The Uniform Premiums (based on Susan's age) are $.15 per month for $1,000 of protection. How much of this must Susan include in gross income this year?

		$0
		$360.00
		$270.00
		$280.00

b.

George, an unmarried taxpayer, received the following amounts during 2021:

Interest on savings account; $2,400

5% stock dividend on IBM stock. George received 20 shares. FMV of the shares is $800.

Cash dividends on USG common stock $200

Interest on City of Radford school bonds $600

What amount should George report as gross income, after exclusions if any, from dividends and interest for 2021?

		$4,300
		$3,900
		$3,400
		$2,600