Tax for Group Term Life Ins on W-2

[RWG1950]

I have a recent retiree that received a separate W-2 for $1,841.50. Box 12 is coded "M" for this amount.
Schedule 2 Part II line 13 shows $ 141 in tax for uncollected soc sec & medicare tax on group term life.
Hadn't seen this before. I assume my software has done it's job & the tax does belong on the return.
Does this look right? Thanks for comments.

[kathyc2]

Yes. Group life insurance over 50K is taxable. You generally don't see it because it's already included in box 1, 3 and 5 for current employees. If the cost over 50K is 1,841 then that amount is subject to FIT and FICA. 1,841 times 7.65% FICA is 141.