Answer:
If at the time of withdrawal the interest paid was $11,000, the beneficiary would be required to pay income tax on the same amount of $11,000.
Explanation:
The Interest Settlement Option is usually for people who don't need much money or the remedies which the Insurance Cover provides.
Sometimes they defer payment of the proceeds and collect interest on the same whilst they decide on what do do with the money.
When a beneficiary collects this sort of interest it is usually taxable.
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Answer:
I feel like some people would choose this as an option because of some sort of health condition that brings them pain, or something there is not cure for. Or, the obvious reason of not being happy. It would also mean they would be going peacefully when they want to. Not waiting for it to happen.
Explanation:
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Among the choices above the one that has a component of a social goal is C which is joining a club. <span>Social meaning that you have human interaction with people or relating to an organization</span>
Answer:
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