CCH Federal Taxation--Comprehensive Topics 1. (49.) Jacob is 69 years old and elects group-term life insurance of $200,000. The employer pays 60 percent of the cost of the life insurance plan; and employees pay at a uniform rate of $0.35 per $1,000 per month to cover the other 40 percent of the plan cost. How much, if any, would Jacob have to include in his gross income? a. $2,286 b. $1,446 c. $1,372 d. $914 e . $2,236 m CCH Federal Taxation--Comprehensive Topics 1. (49.) Jacob is 69 years old and elects group-term life insurance of $200,000. The employer pays 60 percent of the cost of the life insurance plan; and employees pay at a uniform rate of $0.35 per $1,000 per month to cover the other 40 percent of the plan cost. How much, if any, would Jacob have to include in his gross income? a. $2,286 b. $1,446 c. $1,372 d. $914 e . $2,236 m