Cameron Is the Owner and Beneficiary of a $300,000 Policy

question 43

Multiple Choice

Cameron is the owner and beneficiary of a $300,000 policy on the life of his mother.Cameron sells the policy to his brother,Parker,for $100,000.Parker subsequently pays premiums of $55,000.Upon his mother's death,how much of the insurance proceeds must Parker include in income?

• A)$0
• B)$55,000
• C)$145,000
• D)$300,000

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Definitions:

Secondary Reinforcer

A stimulus that gains its reinforcing capability through its association with a primary reinforcer, such as money or praise.

Disequilibrium Principle

A concept in learning and education suggesting that learning occurs when an individual encounters cognitive conflict or disequilibrium, prompting adaptation and new learning to restore balance.

High-Frequency Behavior

Behavior that occurs at a high rate or with great frequency, often requiring intervention or modification in behavioral studies.

Low-Frequency Behavior

Actions or responses that occur relatively infrequently within a given dataset or behavioral assessment.