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An employee has $110,000 of group term life insurance coverage. The cost of this coverage to his employer is $90. The cost based on the

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An employee has $110,000 of group term life insurance coverage. The cost of this coverage to his employer is $90. The cost based on the IRS's premium table is $1.08 per year per $1,000 of coverage. What amount is taxable to the employee? O $54.00 O $90.00 O $118.80 O $64.80

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