What is the tax impact of “imputed income” for XPO-provided Basic Life Insurance over $50,000?

The imputed income amount is based on the amount of coverage over $50,000 for the basic life insurance benefit. So if your benefit amount is $75,000, the imputed income calculation would be based on $25,000 ($75,000 – $50,000). The rate used for imputed income is calculated from age-based IRS tables. Imputed income will be reported on your W-2.