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.

Understand the differences between infographics and dynamic displays and their respective applications.

Understand the various types of reasoning and their applications in cognitive development.

Identify the stages and significant milestones of adolescent development.

Recognize the physical changes during puberty and their typical sequence in both genders.

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Definitions:

Reactive Power

The portion of electricity that oscillates between the source and load in an AC system, essential for maintaining the voltage to deliver active power (work) but itself does no work.

RC Parallel Circuit

A circuit configuration where a resistor (R) and a capacitor (C) are connected alongside each other and share the same two nodes, resulting in a specific impedance.

R

In electrical engineering, symbolically represents resistance, the property of a material that opposes the flow of electric current, measured in ohms (Ω).

Z

Often represents impedance in electrical circuits, a measure of opposition to AC including both resistance and reactance.