How much of the cost must done include in his income, Accounting Basics

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How much of the cost must done include in his income

Driller who is 56 years old is provided with 120000 of group term life insurance by his employer. Based on the IRS uniform premium cost table the total annual cost of a policy of this type id 9.00 per 1000 of coverage. Driller required contribution to the cost of the policy is 2.00 per 1000 of coverage per year. driller was covered for the full 12 months of 2010/ HOw much of the cost must Done include in his income for 2010.

a. 0

b. 390

c. 630

d. 840

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Accounting Basics: How much of the cost must done include in his income

Reference No:- TGS085035

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What contribution margin per ham is

Q : Mitochondria and chloroplasts except

Q : Which two communities of interest are usually associated

Q : Analyze ways succession and retention plans can be utilized

Q : How much of the cost must done include in his income

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much of the cost must done include in his income

Reference No:- TGS085035

Recent Questions Asked Accounting Basics

Q : What contribution margin per ham is

Q : Mitochondria and chloroplasts except

Q : Which two communities of interest are usually associated

Q : Analyze ways succession and retention plans can be utilized

Q : How much of the cost must done include in his income

Q : One possible alternate structural change

Q : How much saving of safety inventory can expect as result

Q : What amount of sales revenue will be reported

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