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uinn, age 43, is an employee of BizzCo Corporation and earns an annual salary of $95,000. Quinn has recently been informed that the company is

uinn, age 43, is an employee of BizzCo Corporation and earns an annual salary of $95,000. Quinn has recently been informed that the company is implementing a group term life insurance plan and will pay the premium for an amount of coverage equal to her salary. What are the tax implications of this benefit for Quinn

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