David Autrey was covered by an $80,000 group-term life
insurance policy of which his wife was the beneficiary. Autrey’s
employer paid the entire cost of the policy, for which the uniform
annual premium was $8 per $1,000 of coverage. Autrey died
during 2013, and his wife was paid the $80,000 proceeds of the
insurance policy. What amount of group-term life insurance
proceeds must be included in gross income by Autrey’s widow?