Sally is 52 years 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.) $36,800 $303.60 $441.60 $25.30 QUESTION 2 Roger pays $120,000 at age 45 for an annuity that will pay him $10,000 a year for as long as he lives, starting at age 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? Zero. $2.500 $7,500. $6,820. QUESTION 3 Donna works for a painting company. As an employee she can make use of the services of the company at a discounted rate. She has her house painted by the company for only $5,000. The job would have normally cost $7,000. How much will Donna Include in gross income? O Zero $600 $1,400 $2,000