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Cayden is an employee of FBG Corporation, with an annual salary of $60,000. Cayden’s employer provides $90,000 of group term life insurance. Cayden is required to contribute monthly $0.15 per $1,000 of coverage. The IRS Uniform Premium Table shows $0.60 as the monthly cost per $1,000 for the coverage. How much is included in Cayden’s annual gross income for the benefits received from the employer’s group life insurance coverage?
Group of answer choices
$0.
$126.
$153.
$288.
Sagot :
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