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Government Relations

Group Term Life Valuation

If your employees have been contributing toward the cost of their group term life insurance (GTL) via pre-tax deductions from their pay, you will need to change the method by which you calculate the wages resulting from excess GTL (coverage greater than $50,000). APA won the option of applying the new method to all of 2007, which could decrease the tax bill for your employees and your employer.

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