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Fox Corporation provides Luke, age 58, with $370,000 of group term life insurance coverage. Luke...

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Question

Accounting

Fox Corporation provides Luke, age 58, with $370,000 of group term life insurance coverage. Luke must include in income what amount?

a. $ 159.10

b. $1,909.20

c. $ 137.60

d. $1,651.20

e. None of the answers provided is correct.

can you please provide an explanation with the answer!

Answer & Explanation Solved by verified expert
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