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Grace's employer is now offering group - term life insurance. The company will provide each employee with $ 1 9 5 , 0 0 0

Grace's employer is now offering group-term life insurance. The company will provide each employee with $195,000 of group-term life insurance. It costs Grace's employer $905 to provide this amount if insurance to Grace each year. Assuming that Grace is 40 years old, use the table to determine the monthly premium that Grace must include in income as a reault of receiving the geoup-term benefit.
Uniform Premiums for $1,000 of Group-Term Life Insurance Protection:

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