The DINK Method of Determining Life Insurance Needs Assumes That

question 39

True/False

The DINK method of determining life insurance needs assumes that your spouse will continue to work after your death.

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Definitions:

Net Income

The amount of money a company effectively earns as profit after reducing its revenue by expenses and taxes.

Trial Balance

A worksheet for accounting where the total balances of all ledgers are arranged into equal debit and credit columns.

Trial Balance

A report that lists all the balances of a company's general ledger accounts to verify that debits equal credits.

Common Stock

A type of equity security that represents ownership in a corporation, with holders having voting rights and potentially receiving dividends.