Yup, Inc., provides group term life insurance for all of its employees and the plan is nondiscriminatory. The coverage equals twice the employee's annual salary. Jeff, an assistant, worked all year for Yup, Inc., and received $ 150, 000 worth of coverage for the year at a cost to Yup of $ 1,500. The Uniform Premiums (based on Jeff's age) are $.25 per month for $1,000 of protection. How much must Jeff include in gross income this year