QA1. How much may Lamar deduct for group term life insurance premiums? How much income must be reported by each employee? Lamar Corp. has four employees, for whom it provides group life insurance in accordance with a non-discrimination policy. The details are: Employee	Age	Key Employee	Coverage	Premiums
Sandy	62	Yes	$200,000	$4,000
Randy	52	Yes	40,000	700
Mandy	33	No	80,000	600
Candy	33	No	40,000	300