Samuel is 62 years old is provided with $130,000 of nondiscriminatory group-term life insurance by employer. Based on IRS information, the total annual cost of a policy of this type is $12 per $1,000 of coverage. Randy's required contribution to the cost of the policy is $2 per $1,000 of coverage per year. Randy was covered for the full 12 months of the current year. How much of the cost may Randy exclude from his income for the current year?