Gordon, an employee, is provided group term life insurance coverage equal to twice his annual salary of $125,000 per year.According to the IRS Uniform Premium Table (based on Gordon's age), the amount is $12 per year for $1,000 of protection.The cost of an individual policy would be $15 per year for $1,000 of protection.Since Gordon paid nothing towards the cost of the $250,000 protection, he must include in his 2019 gross income which of the following amounts?
A)$1,350.
B)$2,400.
C)$3,000.
D)$3,750.
E)None of these.

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The Answer of Gordon, an employee, is provided group term life insurance coverage equal to twice his annual salary of $125,000 per year.According to the IRS Uniform Premium Table (based on Gordon's age), the amount is $12 per year for $1,000 of protection.The cost of an individual policy would be $15 per year for $1,000 of protection.Since Gordon paid nothing towards the cost of the $250,000 protection, he must include in his 2019 gross income which of the following amounts?
A)$1,350.
B)$2,400.
C)$3,000.
D)$3,750.
E)None of these.

Gordon, an Employee, Is Provided Group Term Life Insurance Coverage