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43) What is the maximum amount of employer provided group term life insurance that can be excluded from an employee's income?

A. One times their annual salary
B. $2,000
C. $50,000
D. $100,000

User Sudhaker
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Final answer:

The maximum amount of employer-provided group term life insurance that can be excluded from an employee's income is $50,000.

Step-by-step explanation:

The maximum amount of employer-provided group term life insurance that can be excluded from an employee's income is $50,000. This exclusion is provided under Internal Revenue Code Section 79. Any employer-provided coverage over $50,000 must be included in income, and the value of the coverage (above $50,000) is subject to income and payroll taxes.

User Rykener
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