Sean is 42 years old.  His employer provides him with $300,000 of group term life insurance as a fringe benefit.  The policy costs his employer $40 per month. For tax purposes, how much income does Sean have if?

a. The benefit is provided on a nondiscriminatory basis?

b. The benefit discriminates in favor of key employees, but Sean is not a key employee?

c. The benefit discriminates in favor of key employees and Sean is considered a key employee?