Jian is not a key employee of Smith Corporation. Smith provides Jian with group term life insurance
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Question:
Jian is not a key employee of Smith Corporation. Smith provides Jian with group term life insurance coverage of $120,000. The premiums attributable to the excess coverage are $2,100. The uniform one-month group-term premium is $1.10 per $1,000 of coverage. How much must Jian include in income?
A) $630
B) $786
C) $924
D) $1,052
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
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