Accounting Assignment | College Homework Help

David is covered by a $180,000 group term life insurance policy for which his daughter is the named beneficiary. David’s employer pays the entire cost of the policy. The cost of $1,000 of protection per month from Table I for David’s age is $0.08. Calculate the amount of annual premium that is taxable as compensation (W-2) income to David. 0 A. $0 B. $48 O C. $125 D. $173