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

question 73

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)$0.
• B)$600.
• C)$800.
• D)$1,400.

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Definitions:

Nonverbal Signals

Forms of communication without words, such as body language, gestures, facial expressions, and tone of voice, that convey messages or emotions.

Cultural Background

The societal, ethnic, or national influences and experiences that contribute to an individual's identity and perspective.

Listening Skills

The ability to effectively receive and interpret messages during communication.

Nonverbal Feedback

Communication that occurs without words, such as gestures, facial expressions, and body language, often reflecting the listener's response or attitude.