gold corporation purchased a group term life insurance plan that covered only management and officers of the company. Mr gold received $250,000 of…

gold corporation purchased a group term life insurance plan that covered only management and officers of the company. Mr gold received $250,000 of life insurance under this plan. The cost to gold corp for the premiums of mr golds insurance was 3100 . the uniform premium amount for each $1000 of insurance for a man of golds age is $9 annually.y. Mr gold must include what amount in income?
 
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