Question
Fox Corporation provides Luke, age 58, with $370,000 of group term life insurance coverage. Luke must include in income what amount? a. $ 159.10 b.
Fox Corporation provides Luke, age 58, with $370,000 of group term life insurance coverage. Luke must include in income what amount?
a. $ 159.10
b. $1,909.20
c. $ 137.60
d. $1,651.20
e. None of the answers provided is correct.
can you please provide an explanation with the answer!
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
3rd Edition
0139488944, 978-0139488948
