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Question 14/1 point) Bruce participates in the group insurance plan offered by his employer. The annual premiums for $70,000 of life insurance are $840, of

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Question 14/1 point) Bruce participates in the group insurance plan offered by his employer. The annual premiums for $70,000 of life insurance are $840, of which the employer pays 80%, le $672 The emaloyer adds a taxable benefit of $672 to Bruce's annual income. Bruce contributes $168 through payroll deduction as his personal contribution to the premuns Bruce's tax rate is 45% When Bruce dies, what amount will his estate receive? (2) $14.000 W 538500 C556.000 d) $70,000

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