Question
Tyrions employer pays for a $2,000,000 life insurance policy on him. Tyrion is 44 and the rate listed in the IRS Uniform Premium table for
Tyrions employer pays for a $2,000,000 life insurance policy on him. Tyrion is 44 and the rate listed in the IRS Uniform Premium table for that age range is 0.10 per thousand per month. Assume Tyrion pays nothing for this life insurance policy. How much must the employer add to his wages in calculating his Box 1 wages for the year?
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
