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Corp. A purchases and pays 100% of the premium cost for group term life insurance...

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Question

Accounting

Corp. A purchases and pays 100% of the premium cost for group term life insurance on all of its employees. Employee Jenna Jean, age 56, has a policy providing $90,000 of coverage.
Assume that Corp. A pays $240 actual premium cost for Jenna's policy for the year. Based on the above data, Corp. A will include what amount, if any, of additional taxable income on Jenna's W-2 for the year?
A. $240
B. $0
C. $230
D. $210
E. None of the above
Please answer based on 2023 tax law year.

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