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How much income does john have

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Reference no: EM131797642

Question - John is 42 years old. His employer provides him with $300,000 of group term life insurance as a fringe benefit. The policy costs his employer $40 per month. For tax purposes, how much income does John have if

a. the benefit is provided on a nondiscriminatory basis?

b. the benefit discriminates in favor of key employees, but Sean is not a key employee?

c. the benefit discriminates in favor of key employees and John is considered a key employee?

Reference no: EM131797642

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