How much income does cydnee have

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Question - Cydnee is 42 years old. Her employer provides her with $300,000 of group term life insurance as a fringe benefit. The policy costs her employer $40 per month. For tax purposes, how much income does Cydnee have if:

a. The benefit is provided on a nondiscriminatory basis.

b. The benefit discriminates in favor of key employees, but Cydnee is not a key employee?

c. The benefit discriminates in favor of key employees and Cydnee is considered a key employee?

Reference no: EM132009816

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