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Volt Company provides its employees with $25,000 of group-term life insurance. How much s included in the gross income of Volt's employees because of the
Volt Company provides its employees with $25,000 of group-term life insurance. How much s included in the gross income of Volt's employees because of the life insurance?
a. $0
b. $25,000
c. $50,000
d. The cost of the premium to purchase $25,000 of group term life insurance.
e. The value of the premium to acquire $25,000 of group term life insurance from IRS tables.
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