Greg Is the Owner and Beneficiary of a $100,000 Policy

question 18

Multiple Choice

Greg is the owner and beneficiary of a $100,000 policy on the life of his mother.Greg gives the policy to his brother,Don.Don subsequently pays premiums of $40,000.Upon his mother's death,how much of the insurance proceeds must Don include in income?

• A)$0
• B)$40,000
• C)$60,000
• D)$100,000

---

Definitions:

Dramaturgical Analysis

Views social interaction as a sort of play in which people present themselves so that they appear in the best possible light.

Erving Goffman

A sociologist and writer known for his work on symbolic interactionism and the study of social interactions in everyday life.

Status Set

The entire ensemble of statuses occupied by an individual.

Achieved Prescriptive Status

A condition or status that is earned or attained through one's actions, as opposed to being ascribed by default of birth or social position.