Aaron2364 Aaron2364

19-01-2021
Business

contestada

Under a $150,000 insurance policy on her deceased father's life, May Green is to receive $12,000 per year for 15 years. Of the $12,000 received in the current year, the amount subject to income tax is:

Respuesta :

andromache andromache

24-01-2021

Answer:

$0

Explanation:

As we know that the life insurance proceeds would be recieved by the beneficary on the insured person death is tax free

Since the amount of $12,000 would be received by May Green on her insured father so this amount would be tax free

Therefore the amount that subjected to income tax is $0

Answer Link

ACCESS MORE ACCESS MORE ACCESS MORE ACCESS MORE

Otras preguntas

What were some of the challenges augustine faced in his life? are these unique to the fourth century in which augustine lived?

A pediatric client is scheduled for an intravenous pyelogram (ivp) of the kidney this afternoon. which of these actions by the nurse would require immediate att

Many of the delegates chosen to the Constitutional Convention were landowners, bankers, merchants, and ______________________. A) lawyers B) professors C)

Which expression is equal to 5(2x2 – 1) + 3(7x2 + 1)?

which action can help reduce mudslides? 1) planting trees 2) restricting farming 3) building dams 4) increasing immigration i know its not increasing immigratio

what determine the Cherokee law govern the land of the Cherokee Nation rather than the laws of Georgia 99 points

What relationship do the ratios of Sin X and Cos y share ?

Jim's age is 4 times that of his sister. the product of their age is 36. how old is each?

The reaction of carbon with oxygen to produce carbon monoxide describes which class of reaction?

Gradual changes in the frequency of diseases over long periods are known as