Question: please help solve this and show the steps! thank you 14. Moonglow, Inc, purchases a group-term life insurance plan for all its employees. Jacob, age

please help solve this and show the steps! thank you

14. Moonglow, Inc, purchases a group-term life insurance plan for all its employees. Jacob, age 62, receives a policy for coverage at 2 times his annual salary, Jacob's salary is $75,000. His policy has a current year cost to the Sunbeam, Inc.? $600. How much taxable gross income does Clayton have from the life insurance provided by a. $0 b. $66 c. $600 d. $660 e. $792

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