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your company provides group term life insurance to its employees. you, a newly promoted manager, received $ 2 0 0 , 0 0 0 in

your company provides group term life insurance to its employees. you, a newly promoted manager,
received $200,000 in coverage, at a cost to your company of $1,900. The IRS Premiums rate used in
these calculations (based on your age) is $9 a year. How much of the premiums must
you include in gross income?
A. $1,350
explain why this is correct answer

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