Question
Hasanin, is an employee at Google Corp., is provided $250,000 of group term life insurance coverage for 2019 by his employer. Google corp paid the
Hasanin, is an employee at Google Corp., is provided $250,000 of group term life insurance coverage for 2019 by his employer. Google corp paid the entire cost of the life coverage insurance. The total cost of the term of life insurance was $5,000. Which of the following amounts should Hasanin include in his income in 2019?
A. | The cost of $75,000 of group term life insurance, which is $1,500 | |
B. | Some other answer.
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C. | The amount that would have to pay if Hasanin purchased a $100,000 insurance policy.
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D. | The amount the company pays for Hasanins insurance $5,000.
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E. | The cost of $200,000 of group term life insurance, which is $4,000. |
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