Judy gross income on an annual basis

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Judy is covered by a $200,000 group-term life insurance policy of which her daughter is the sole beneficiary. Judy's employer pays the entire premium for the policy, for which the premium is .75 per $1,000 per month of coverage. How much, if any, of the cost of the group-term life insurance is excluded from Judy's gross income on an annual basis?

Reference no: EM132509885

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