Question
Ben's employer offers employees the following benefits. What amount must Ben include in his gross income? Benefit Value Health insurance coverage $ 5,800 Group term
Ben's employer offers employees the following benefits. What amount must Ben include in his gross income?
| Benefit | Value |
| |
| Health insurance coverage | $ | 5,800 | |
| Group term life insurance (Policy $50,000) |
| 4,270 | |
| Disability insurance coverage (considered purchased by Ben) |
| 3,600 | |
| Whole life insurance coverage (Policy $100,000) |
| 7,000 | |
| A. | $11,070 | |
| B. | $9,400 | |
| C. | Zero - none of these benefit is included in gross income. | |
| D. | $10,600 | |
| E. | $7,000 |
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The Well Church Book A Practical Guide To Mission Audit
Authors: John Finney
1st Edition
0862015499, 978-0862015497
