Question: Quinn is provided with $ 2 0 0 , 0 0 0 coverage under an employer's group - term life insurance plan. Which of the

Quinn is provided with $200,000 coverage under an employer's group-term life insurance plan. Which of the following statements is true?
Multiple Choice
Quinn's life insurance coverage is a nontaxable fringe benefit.
The value of the cost of $50,000 coverage is included in Quinn's gross income.
The value of the cost of $200,000 coverage is included in Quinn's gross income.
The value of the cost of $150,000 coverage is included in Quinn's gross income.
Quinn is provided with $ 2 0 0 , 0 0 0 coverage

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