Bret Carries a $200,000 Insurance Policy on His Life and Has

question 1133

Multiple Choice

Bret carries a $200,000 insurance policy on his life and has paid premiums of $10,000 over the years. Dividends on the policy have totaled $8,500. Each year Bret has left the dividends with the insurance company. In the current year, the insurance company credited $800 of interest on the accumulated dividends to Bret's account. In addition, $600 of dividends was added by the insurance company. In the current year, Bret must report income of

• A) $1,400.
• B) $600.
• C) $0.
• D) $800.

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Definitions:

Oval Window

A membrane-covered opening that leads from the middle ear to the cochlea in the inner ear, transmitting sound vibrations to the inner ear.

Nociceptors

Sensory receptors found in skin, muscles, and organs that detect harmful stimuli or signals for potential damage, leading to the perception of pain.

Phantom Limb Pain

Perception of pain apparently “in” limbs that have been amputated, often because of activation of nerves in the stump of the missing limb.

Nearsightedness

A common vision condition where close objects appear clearly, but distant ones are blurry, also known as myopia.