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Ed died while employed by violet company. his wife collected $40,000 on a group term life insurance policy that violet provided its employees, and $6,000 of accrued salary ed had earned prior to his death. all of the premiums on the group term life insurance policy were excluded from the ed’s gross income. ed’s wife is required to recognize as gross income only the $6,000 she received for the accrued salary. true or false?
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Ed died while employed by violet company. his wife collected $40,000 on a group term life insurance...
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