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mixas84 [53]
1 year ago
15

susan took out a life insurance policy on herself, paying all of the premium payments. she named her daughter, jessica, as the b

eneficiary under the policy. jessica has not given anything in consideration for the policy. jessica is a(n)
Business
1 answer:
Dima020 [189]1 year ago
7 0

She named her daughter, Jessica, as the beneficiary under the policy. Jessica has not given anything in consideration for the policy. Jessica is a donee beneficiary who has the right to enforce the policy once Susan dies.

A beneficiary is a character or entity which you legally designate to acquire the blessings out of your financial merchandise. For live coverage, this is the loss of life benefit your policy will pay in case you die. For retirement or investment bills, that is the balance of your belongings in the money owed.

Some may select a surviving partner as a named beneficiary while others might also call a child or a discern. One great purpose people buy life coverage is for peace of mind in relation to their own family, knowing that life insurance safety is in place in the event of your demise.

Learn more about beneficiary here  brainly.com/question/1268166

#SPJ4

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Texas permits voters to decide directly on only three matters: constitutional amendments, the state income tax, and
klasskru [66]

Answer:

legislative salaries

Explanation:

Texas permits voters to decide directly on only three matters: constitutional amendments, the state income tax, and legislative salaries.

state once give chance to decide about amendments and constitutions can be revised and compared also decide and give opinion of income tax and salaries in state.

8 0
3 years ago
Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. This year Betty had the
nasty-shy [4]

Answer:

Betty's AGI = $28,934

Complete Page 1 of Form 1040 for Betty is attached.

Explanation:

<u>Adjusted gross income:</u>

Adjusted gross income (AGI) is an income measurement for the purpose of calculation of tax payable.

AGI is calculated by deducting allowable deduction from taxable income.

<u>Notes for the working attached:</u>

  • The salaries and expenses are deductible as business expenses.
  • Depreciation and real estate taxes are deducted as rental/royalty-related deductions.
  • Interest income is included in the adjusted gross income.
  • Alimony expenses are deductible from the adjusted gross income.
  • The revenue from apartment building is assumed as interest income and NOT the total income.
  • The real estate and charitable contributions are itemized deductions.

Download xlsx
4 0
3 years ago
Suppose a coalition of students from Lincoln High School succeeds in persuading the local government to impose a price ceiling o
kiruha [24]

Answer: Hi your question is incomplete attached below are the missing details

answer :

A) 16 used DVDs

B) i) $18

   ii) $6

   iii) $8

Explanation:

<u>A) Determine the weekly shortage of used DVDs due to ceiling price = $11</u>

shortage = Quantity demanded ( H ) - Quantity supplied ( F )

at ceiling price of $11 ; quantity demanded = 20 , Quantity supplied = 4

                = 20 - 4  = 16 used DVDs

B) i) <em>New consumer surplus = ADLK </em>

ADLK = ∠ ABK + BKLD

          = 1/2 * 4 * 1 ) + ( 15 - 11 )*4 = $18

<em>ii) New producer surplus = DLE </em>

DLE = 1/2 * 4 * ( 11-8 )

       = $6

<em> iii) Total economic surplus lost </em>

ΔKJL = 1/2 ( 8 - 4 ) * ( 15 - 11 )

         = $8  

6 0
3 years ago
Which of the following forms of business organizations does not have the pass-through feature of income and losses? a. partnersh
Sauron [17]

Answer:

c. corporation

Explanation:

A corporation is a type of business ownership that recognizes a business as a separate entity from its owners. Legally, a corporation is an independent person with commercial rights like any other person. A corporation is entitled to de business, incur debts, acquires assets, and make profits.

A corporation is expected to file its income tax returns at the end of every financial year. The owners of a corporation or its shareholders are also expected to file their separate income tax returns. An element of double taxation arises the business is taxed, and the owners are also taxed separately. In the other form of business ownership, the business incomes pass as owner's income resulting in single taxation.

3 0
3 years ago
____ Do they need engage with this work or is it entirely voluntary? Do they have a direct investment in having access to this i
tigry1 [53]

Answer: Dynamic of need

Explanation: There are two words of importance here. Dynamic and need.

Dynamic: when a person, place, or thing is energetic and active, this is know as being dynamic.

When something is dynamic it goes through a lot of process. Example: Someone with a dynamic personality is usually funny.

Need: to require something because it’s important or very essential.

Dynamic of need is when you have a active need of things, this things can be information which are very essential.

8 0
3 years ago
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