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An employer pays the premiums on $75,000 group-term life insurance policy covering its employee. The annual cost to the employer is $1.50 for each $1,000
An employer pays the premiums on $75,000 group-term life insurance policy covering its employee. The annual cost to the employer is $1.50 for each $1,000 of coverage. Based on this information, what amount of life insurance premiums must the employee include in gross income?
A) $37.50
B) $0
C) $112.50
D) $75
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