Payton's employer is now offering group-term life insurance. The company will provide each employee with

$150,000

of group-term life insurance. It costs her employer

$770

to provide this amount of insurance to Payton each year. Assuming that Payton is 38 years old, use the table provided below to determine the monthly premium that she must include in income as a result of receiving the group-term life benefit.\ Uniform Premiums for $1,000 of Group-Term Life Insurance Protection:\ \\\\table[[Five-Year Age Bracket,Cost per

$1,000

of Protection for One Month],[Under 25,

$0.05

Payton's employer is now offering group-term life insurance. The company will provide each employee with $150,000 of group-term life insurance. It costs her employer $770 to provide this amount of insurance to Payton each year. Assuming that Payton is 38 years old, use the table provided below to determine the monthly premium that she must include in income as a result of receiving the group-term life benefit. Uniform Premiums for $1,000 of Group-Term Life Insurance Protection