Corp. A purchases and pays 100% of the premium cost for group term life insurance...
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Accounting
Corp. A purchases and pays of the premium cost for group term life insurance on all of its employees. Employee Jenna Jean, age has a policy providing $ of coverage.
Assume that Corp. A pays $ 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 for the year?
A $
B $
C $
D $
E None of the above
Please answer based on tax law year.
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