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<h2>Jill's interest in the property will: <u>Pass to Jill's heirs </u>(Option B)</h2>
Explanation:
Let us understand the meaning of tenancy: It is the "possession of any property which might be land or building and get connected as tenant".
In contrast, ownership means the property belongs that person alone or in partnership.
Understanding the above terms, We can say, Jack and Jill have been a tenant and after ten years, Jill dies. So the rest of the interest in the property will definitely go to his heirs only.
It cannot be passed to Jack because Jill's interest will not be paid by other person except for Jill's heirs. Jack heirs are no way responsible or own the property of Jack.
Answer:
$1,035.84
Explanation:
Number of years to maturity (Nper) = 20
Annual Coupon payment (PMT) = 1000*2.35% =$23.50
Payment at maturity (FV) = $1000
Yield to maturity (Rate) = 2.13%
<em>Using the MsExcel Present value function</em>
Clean(flat) price = PV(Nper, PMT, FV, Rate)
Clean(flat) price = PV(20, 23.50, 1000, 2.13%)
Clean(flat) price = 1035.8436
Clean(flat) price = $1,035.84
A disability pension is an unearned income. Earned income comes from a salary or employment. A social security disability benefit is unearned income because it doesn't come from your employment. Still, unearned income such as this is reported on your tax. Other examples of unearned income are retirement benefit, child support, unemployment, interest or dividend that you have received.
Giving tax on Disability, however, depends on the disability plan and income of a person.
