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Gordon, an employee is provided group term life insurance coverage equal to twice his annual salary of $125,000 per year. According to the IRS Uniform
Gordon, an employee is provided group term life insurance coverage equal to twice his annual salary of $125,000 per year. According to the IRS Uniform Premium Table based on Gordon's age), the amount is $12 per year for $1,000 of protection. The cost of an individual policy would be $15 per year for $1,000 of protection. Since Gordon paid nothing towards the cost of the $250.000 protection, how much must he include in his 2020 gross income
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