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Exam 4D Carmen Perez, a U.S. resident, is covered under a noncontributory yearly renewable term (YRT) group life insurance plan offered by her employer, the

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Exam 4D Carmen Perez, a U.S. resident, is covered under a noncontributory yearly renewable term (YRT) group life insurance plan offered by her employer, the Moon Corporation. Moon's policy provides Ms. Perez with $125,000 of group term life insurance coverage. With regard to the federal income tax consequences of receiving this coverage, it most likely is correct to say that Ms. Perez pays You are on Question 6 of 10 O no income taxes on the group term life insurance that Moon O federal income taxes on Moon's cost of providing $50,000 of O federal income taxes on Moon's cost of providing $75,000 of provides for her coverage coverage federal income taxes on Moon's cost of providing $125,000 of coverage

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