Which of the Following Property Is NOT Affected by a Will

question 38

Multiple Choice

Which of the following property is NOT affected by a will?

• A)life insurance
• B)personal property
• C)anatomical gifts
• D)individual bank accounts

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Definitions:

Marginal Tax Rates

The rate at which the last dollar of income is taxed, reflecting the percentage of tax applied to your next dollar of taxable income.

Interest Income

Revenue earned from investments in interest-bearing financial instruments, such as bonds, savings accounts, or loans.

Eligible Dividends

Dividends that are qualified for special tax treatment under certain jurisdictions.

Tax Paid

The amount of money paid to the government as a result of taxable activities, such as income earned or goods sold.