An employee, age 52, purchased $100,000.00 of group-term life insurance through the company's Sec. 125 plan on a pre-tax basis. The company pays $0.20 per $1,000.00 for the coverage. Using IRS Uniform Premium Table I, located in the Tables and Rates on the toolbar, for group-term life insurance, calculate the taxable value of the group-term life insurance for the month of January.
