Marlene's employer provided her with a variety of benefits during 2020. Her employer paid for group term

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Marlene's employer provided her with a variety of benefits during 2020. Her employer paid for group term life insurance coverage of $125,000 (the premium for the coverage was $595). They also paid for a private health services plan for Marlene that included dental, vision, and private-hospital room coverage (the premium was $1470). Additionally, they provided her with a non-cash gift (gold watch) with a value of $257.

Determine the amount to be included in Marlene's employment income for tax purposes for 2020 as a result of receiving these benefits: $ Blank 1. Calculate the answer by read surrounding text.

Posted Date: Oct 19, 2021 01:57 AM

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Marlene's employer provided her with a variety of benefits during 2020. Her employer paid for group term

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