An employer provides each of its employees with life insurance protection equal to three times the employee's annual salary. annette, who is 56, has an annual salary of $28,000. is annette required to recognize income even though she is still alive at the end of the year and thus nothing has been collected on the life insurance policy? click here to access exhibit 4.3. round answers to the nearest cent. if the coverage exceeds $ the employee must include in gross income the the protection above this amount. therefore, annette includes $