Requirements a. How much may Info Corporation deduct for group term life insurance premiums? b. How much income must be reported by each employee? (Click the icon to view the Uniform One-Month Group Term Premiums for$1,000 of Life Insurance Coverage.) Requirement a. How much may Info Corporation deduct for group term life insurance premiums? Info Corporation can deduct 5,950 for group term life insurance premiums. Requirement b. How much income must be reported by each employee? (Enter a"0" ifno income needs to be reported. Do not round intermediary calculations. Only round the amount you input in the cell to the nearest cent) Income to be reported Employee Aidan Brody Caroline 1: Data Table Employee Age Key Employee Coverage Actual Premiums Aidan 140,000 4400 30,000 Brody 90,000 500 Caroline 37 30,000 450 2: Reference Employee's age Premiums Under 25 $0.05 25 to 29 30 to 34 35 to 39 40 to 44 10 45 to 49 15 50 to 54 23 55 to 59 60 to 64 65 to 69 1.27 70 and above 2.06 Requirements a. How much may Info Corporation deduct for group term life insurance premiums? b. How much income must be reported by each employee? (Click the icon to view the Uniform One-Month Group Term Premiums for$1,000 of Life Insurance Coverage.) Requirement a. How much may Info Corporation deduct for group term life insurance premiums? Info Corporation can deduct 5,950 for group term life insurance premiums. Requirement b. How much income must be reported by each employee? (Enter a"0" ifno income needs to be reported. Do not round intermediary calculations. Only round the amount you input in the cell to the nearest cent) Income to be reported Employee Aidan Brody Caroline 1: Data Table Employee Age Key Employee Coverage Actual Premiums Aidan 140,000 4400 30,000 Brody 90,000 500 Caroline 37 30,000 450 2: Reference Employee's age Premiums Under 25 $0.05 25 to 29 30 to 34 35 to 39 40 to 44 10 45 to 49 15 50 to 54 23 55 to 59 60 to 64 65 to 69 1.27 70 and above 2.06