Carin, a Widow, Elected to Receive the Proceeds of a $150,000

question 45

Multiple Choice

Carin, a widow, elected to receive the proceeds of a $150,000 life insurance policy on the life of her deceased husband in 10 installments of $17,500 each.Her husband had paid premiums of $60,000 on the policy. In the first year, Carin collected $17,500 from the insurance company.She must include in gross income:

• A)$0.
• B)$2,500.
• C)$10,000.
• D)$25,000.
• E)None of the above.

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Age

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Qualitative Research

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Corporal Punishment

Discipline techniques that hurt the body (corpus) of someone, from spanking to serious harm, including death.

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