Robert's employer provides him with $150,000 of group term life insurance. Robert is 43 and not a key employee. The cost of $1,000 of protection per month for someone in Robert's age bracket is $0.10. Robert's employer also provides him with health care coverage at an annual cost of $10,000. Robert does not contribute toward the cost of either plan. What amount is included in Robert's annual gross income as a result of his health insurance and group term life insurance coverage? 

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To determine the amount included in Roberts annual gross income as a result of his health insurance ... View the full answer