<span> because john, lesa and tabir did not enter into an operating agreement,
what will generally control with respect</span>
Answer:
$38,440
Explanation:
Calculation to determine How much of the proceeds, if any, is taxable to Russ
Face value of policy $74,400
Less: Cash Surrender value ($24,800)
Less: Premium paid ($11,160)
Taxable Proceeds $38,440
Therefore the taxable Proceeds are $38,440.
The law of supply illustrates all the quantities of goods that producers are willing and able to sell at every possible price.
<h3>What is the law of supply?</h3>
The law of supply states that when prices increase, the quantity supplied increases and when price falls, the quantity supplied falls. This shows that price and quantity supplied are positively related. This explains why the supply curve is positively sloped.
To learn more about the law of supply, please check: brainly.com/question/26374465
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