Miranda Is Not a Key Employee of AB Corporation

Multiple Choice

Miranda is not a key employee of AB Corporation. AB provides Miranda with group term life insurance coverage of $140,000. The premiums attributable to the excess coverage are $1,300. The uniform one- month group- term premium is one dollar per $1,000 of coverage. How much must Miranda include in income?

A) $1,680
B) $1,300
C) $0
D) $1,080