Multiple Choice
George is 34 years old. His employer provides him with $200,000 of group term life insurance as a fringe benefit. The policy costs his employer $25 per month. The amount from the table for group term life insurance premiums is $0.08. How much income does George have for the year if?
A) The benefit is provided on a nondiscriminatory basis?
B) The benefit discriminates in favor of key employees, but George is not a key employee?
C) The benefit discriminates in favor of key employees and George is considered a key employee?
Correct Answer:
Verified
Correct Answer:
Verified
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