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An employer took out a $100,000 life insurance policy on its Vice President of Sales. After 10 years, the Vice President left the employer for
An employer took out a $100,000 life insurance policy on its Vice President of Sales. After 10 years, the Vice President left the employer for another firm. The employer continued to pay the $2,500 annual premium for 10 more years until the insured died. What amount of income will the employer report for the death benefit? O $0 $50,000 O $75,000 O $100,000
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