What is mark bi-weekly taxable benefit

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Problem 1: Mark Hamilton who works in Nova Scotia, has life insurance coverage through his employer's group plan which is three times his annual salary of $50,000.00. His employer pays the insurer 100% of the cost of his life insurance coverage at a premium rate of $2.00 per $1,000.00 of coverage per month. What is Mark's bi-weekly taxable benefit?

Reference no: EM132932217

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