Risk Management

General Motors offers this employee group term life insurance with a face amount of $100,000, GM paid $100 per $10,000 of Face amount per year for the group term life insurance. What will be the yearly personal income tax liability?

Answers: 0, 150, 300, 15,000, 30,000

General Motors provides group term life insurance for this employee. The contract states that this employee will earn $3000 per month if they become disabled. GM paid the entire premium cost of $1000 per year. If this employee should become disabled, what would their yearly personal income tax liability?

Answers: 0, 300, 900, 3600, 10,800

amount of 100000 General Mo 1000) for the GTL. What will employee l d STOS10 face amor per year hearly personal income tax liability for this $150 S100 $15.000 $30.000 General Motors provides long term disability insurance for this employee. The contracts states that this employee will receive $3000 per month ($36,000 per year) if they become disabled. General Motors paid the entire premium cost of $1000 per year If this employee should become disabled, what would be their yearly personal income tax liability? A So B D. D. 220 5900 $3600 $10,800 amount of 100000 General Mo 1000) for the GTL. What will employee l d STOS10 face amor per year hearly personal income tax liability for this $150 S100 $15.000 $30.000 General Motors provides long term disability insurance for this employee. The contracts states that this employee will receive $3000 per month ($36,000 per year) if they become disabled. General Motors paid the entire premium cost of $1000 per year If this employee should become disabled, what would be their yearly personal income tax liability? A So B D. D. 220 5900 $3600 $10,800