Quinn, аge 43, is аn emplоyee оf BizzCо Corporаtion and earns an annual salary of $95,000. Quinn has recently been informed that the company is implementing a group term life insurance plan and will pay the premium for an amount of coverage equal to her salary. What are the tax implications of this benefit for Quinn? The relevant portion of the Table 1 rate table is as follows: Cost per $1,000 of Protection for One Month Under 25 $0.05 25 to 29 $0.06 30 to 34 $0.08 35 to 39 $0.09 40 to 44 $0.10 45 to 49 $0.15 50 to 54 $0.23