Income tax on economic benefit for coverage over what amount

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Reference no: EM131052477

An employee can name a charity as the sole beneficiary of group term life insurance and avoid any income tax on the economic benefit for coverage over what amount?

a. $20,000 b. $30,000 c. $40,000 d. $50,000

Reference no: EM131052477

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The sole beneficiary of group term life insurance : An employee can name a charity as the sole beneficiary of group term life insurance and avoid any income tax on the economic benefit for coverage over what amount? Select one: a. $20,000 b. $30,000 c. $40,000 d. $50,000

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