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Turner, Inc., provides group term life insurance to the officers of the corporation only. Janet, a vice-president, received $400,000 of coverage for the year at

Turner, Inc., provides group term life insurance to the officers of the corporation only. Janet, a vice-president, received $400,000 of coverage for the year at a cost to Turner, Inc. of $5,600. The Uniform Premiums (based on Janet

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