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Lina20 [59]
3 years ago
10

Clayton is asking his life insurance producer about any potential taxation issues related to his $100,000 personal Whole Life po

licy. All of the following are TRUE, except:A. Since his policy is a personal policy, he cannot deduct the premiums he pays for the policyB. Annual increases in the policy's cash value are not taxable at the time they are credited to the policyC. Upon surrender of the policy, he will be taxed on any amount by which the cash value exceeds the cost basis (premiums paid) of the contractD. The interest that he pays on policy loans is tax-deductible
Business
1 answer:
Lesechka [4]3 years ago
6 0

The following are TRUE, except : The interest that he pays on policy loans is tax-deductible

Explanation:

Lifelong insurance is indeed a life insurance policy that is intended to remain in effect for the lifetime of the Insured, provided that the necessary premiums are reimbursed or on the maturity date (throughout the Commonwealth of Nation-states) and sometimes referred to as ' straight house ' or ' ordinary life'

A complete life policy offers your entire lifetime a certain amount of coverage. Once you pay the premiums, the profit will be earned on your death by your survivor. The entire policy on life always generates' cash value' as part of the money spent. The cash value can be reached as the funds rise.

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Write an essay with the topic: Information logistics system is one of the major topics of interest to manufacturing and logistic
Harrizon [31]

Answer:

it 8s easy you need to divide the question in to points and write a paragraph on them

6 0
3 years ago
Managing quality helps build successful strategies of A. ​differentiation, low cost and service. B. ​differentiation, time and r
Liono4ka [1.6K]

Managing quality helps build successful strategies of "​differentiation, low cost and response".

<u>Answer:</u> Option C

<u>Explanation:</u>

The expression of supervising all operations and activities necessary to maintain the rate of competence required, thus understood as "Quality management". It involves defining a performance policy, establishing and enforcing quality scheduling and expectation, as well as quality control and enhancing quality.

In order to attract market, launch of unique product is necessary with pocket friendly price and good quality too. When quality is managed more according to the market need than the owners capability of finance, then only growth of firm is possible, thus quality of product should not be compromised.

5 0
3 years ago
Employees at the university have negotiated a 5 percent increase in wages for the next year, based on their inflation expectatio
Trava [24]

Answer:

B. Real wages for university employees will rise.

Explanation:

Increase in income is @ 5%, and that the actual inflation is only 4% that is less than the increase in income. Accordingly, the company is paying more to the employees, and accordingly their wages have increased.

The amount of money available in real terms is more than the actual money, held by the employees earlier.

This is all because the actual increase in inflation rate is less than the increase in salary of employees.

8 0
3 years ago
Billy-Bob owns a condo in Seattle, and a farm in Yakima. His older brother, Bobby-Lee, has some severe health problems and is un
Eduardwww [97]

Answer: B. Once Bobby-Lee dies, Judy will own the "fee simple" title to the property.

Explanation:

In the Life Estate arrangement, a person is granted use and ownership of a property for as long as they are alive. When they die however, if a Remainder also known as <em>Remainder- man</em> is named, then the property rights transfer to the Remainder- man.

The Remainder-man then gets access to the property and owns in to the highest extent of the law which in common law countries such as the United States, is the Fee Simple title ownership. This gives them the right to basically do what they want with the property.

Bobby-Lee therefore gets the rights to the property but once he dies, his sister Judy will own a <em>fee simple</em> title to the property.

6 0
3 years ago
(05.01 MC) This quotation best supports which of the economic theories of John Maynard Keynes? A. Businesses and jobs rely most
tankabanditka [31]

Answer:

These two statements are correct:

A. Businesses and jobs rely most strongly on consumer demand.

B.Government regulation is necessary to stabilize the economy.

Explanation:

The first statement is correct because John Maynard Keynes that demand was the most important side of the economy, not supply. This is why his policies are sometimes referred to as "demand-side economics", while the policies of many of his detractors, such as Milton Friedman, are referred to as "supply-side economics".

The second statement is also correct because Keynes believed that a market economy was naturally subject to business cycles: cycles of boom and bust that could either benefit millions, or harm millions. Keynes thought that the government should regulate the economy in order to lessen the effect of those cycles.

5 0
3 years ago
Read 2 more answers
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