Ben received the following benefits from his employer this year. What amount must Ben include in his gross income?
Benefit Value
Health insurance coverage - paid by employer $5,800
Group-term life insurance premiums {face $50,000} - paid by employer 4,270
Disability insurance coverage {assume it is considered purchased by Ben} 3,600
Whole-life insurance premiums {$100,000} - paid by employer 7,000
A. $9,400
B. $11,070
C. $10,600
D. $7,000
E. $0—none of these benefits are included in gross income.
Answer: C