Ed died while employed by Violet Company.His wife collected $50,000 on a group-term life insurance policy that Violet provided its employees,and $5,000 of accrued salary Ed had earned prior to his death.Ed's wife is not required to recognize any income from the receipt of the $55,000.

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The Answer of Ed died while employed by Violet Company.His wife collected $50,000 on a group-term life insurance policy that Violet provided its employees,and $5,000 of accrued salary Ed had earned prior to his death.Ed's wife is not required to recognize any income from the receipt of the $55,000.

Ed Died While Employed by Violet Company