corp a purchases and pays 100% of the annual premium cost for whole life insurance...
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corp a purchases and pays 100% of the annual premium cost for whole life insurance on its corporates officers. corps a treasurer , ben jackson , age 65 , has a policy providing 200,000 coverage . ben is the owner of the policy. assume that corp a pays a 2140 premium in 2020 for bens policy. how much income if any should ben recognize on his 2020 form 1040.
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