Ahmed is provided with $200,000 coverage under an employer’s group-term life insurance plan. Which of the following statements is true? Multiple Choice The value of the cost of $200,000 coverage is included in Ahmed's gross income. The value of the cost of $50,000 coverage is included in Ahmed's gross income. The value of the cost of $150,000 coverage is included in Ahmed's gross income. Ahmed's life insurance coverage is a nontaxable fringe benefit.