Question: Carlos is covered by a $ 1 8 0 , 0 0 0 group term life insurance policy and his daughter is the beneficiary. Carlos

Carlos is covered by a $180,000 group term life insurance policy and his daughter is the
beneficiary. Carlos employer pays the entire cost of the policy for which the uniform
annual premium is $8 per $1,000 of coverage. How much of this premium is taxable to
Carlos?
a. $0
b. $640
c. $1,040
d. $1,440

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