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Financial Management: Theory & Practice (MindTap Course List) 15th Edition Solutions Manual (ISBN: 9781305632295)
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Gray’s employer is now offering group-term life insurance. the company will provide each employee with $100,000 of group-term life insurance. it costs gray’s employer $300 to provide this amount of insurance to gray each year. assuming that gray is 52 years old, determine the monthly premium that gray must include in gross income as a result of receiving the group-term life insurance benefit.
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