Padmas employer has decided to implement a Sec. 162 double bonus plan as a fringe benefit for key executives. Under the plan, Padma can purchase a life insurance policy of the type that she believes is most beneficial to her and her family and the employer will pay the premiums. Padma has selected a whole life policy with long-term care rider and the premium is $15,000 per year. If Padma is in the 35% tax bracket, what will be amount of the salary bonus included in her income based on the double bonus plan?

		$15,000.
		$20,250.
		$23,076.
		$30,000.