Unite Corporation has four employees and provides group term life insurance coverage for all four employees. Coverage is nondiscriminatory and is as follows: (Click the icon to view the data.) (Click the icon to view the Uniform One-Month Group Term Premiums for $1,000 of Life Insurance Coverage.) Read the requirements. Requirement a. How much may Unite Corporation deduct for group term life insurance premiums? The amount Unite Corporation can deduct for group term life insurance premiums is Requirement b. How much income must be reported by each employee? (Enter a "0" if no income needs to be reported. Do not round intermediary calculations. Only round the amount you input in the cell to the nearest cent.) Income to be Employee Albert Ben Clara Dora reported Data table Reference Employee Age Key Employee Coverage Actual Premiums Albert 61 yes $ 220,000 $ 4,400 Employee's age Under 25 Premiums $0.05 Ben 57 yes 42,000 1,300 25 to 29 .06 Clara 31 no 65,000 1,100 30 to 34 .08 Dora 36 42,000 200 35 to 39 .09 40 to 44 .10 45 to 49 .15 50 to 54 .23 Print Done 55 to 59 .43 60 to 64 .66 65 to 69 1.27 70 and above 2.06 Print Done