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Sally is 52 vears old and has $160,000 of group term life insurance coverage from her employer for the entire year. How much will she
Sally is 52 vears old and has $160,000 of group term life insurance coverage from her employer for the entire year. How much will she include in her gross income for the year for this benefit? (Note the table on page 5 21 says "23 cents for age range 50 to 54.) O $36.000 5303.60 $441.60 525.30 QUESTION 12 2 points Roger Days $128.000 at age 45 for an annuity that will pay him $10,000 a vear for as long as he lives, starting at are 70. The life expectancy table says 37.7 for age 45 and 16 for age 70. When Roger turns 70 and receives his first payment of $10,000, how much of it is included in his gross income? $2,000. O $2,500 $8,000 56,820
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