Creative Corporation has four employees and provides group term life insurance coverage for all four employees. Coverage is nondiscriminatory and is as follows: (Click the icon to view the Uniform One-Month Group Term Premiums for $1,000 of Life Insurance Coverage.) (Click the icon to view the data.) Read the fequirements. Requirement a. How much may Creative Corporation deduct for group term life insurance premiums? The amount Creative Corporation can deduct for group term life insurance premiums is Requirement b. How much income must be reported by each employee? (Enter a "0" if no income needs to be reported. Do not round intermediary calculations. Only round the amount you input in the cell to the nearest cent.) Employee Income to be reported Aidan Bert Caroline Delana Requirements a. How much may Creative Corporation deduct for group term life insurance premiums? How much income must be reported by each employee? b. Print Done Data Table - Employee Age Key Employee Coverage Actual Premiums Aidan 60 yes 180,000 $ 4,400 Bert 57 yes 30,000 400 Caroline 34 no 85,000 800 Delana 32 no 30,000 350 Print Done 1 Reference Premiums Employee's age Under 25 $0.05 25 to 29 .06 30 to 34 .08 35 to 39 .09 40 to 44 .10 45 to 49 .15 50 to 54 .23 55 to 59 .43 60 to 64 .66 65 to 69 1.27 70 and above 2.06 Print Done