Green, Inc., provides group term life insurance for all of its employees. The coverage equals twice the employee's annual salary. Sam, a vice-president, worked all year for Green, Inc. and received $200,000 of coverage for the year at a cost to Green of $2,800. The Uniform Premiums (based on Sam's age) are $.30 per month for $1,000 of protection. How much must Sam include in gross income this year?
a. $0
b. $375
c. $450
d. $600
e. none of these