Sean 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...

Sean 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 Sean have ifa. the benefit is provided on a nondiscriminatory basis?b.. the benefit discriminates in favor of key employees, but Sean is not a