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.
Cheers!
Haha, this will be fun
Let's see, when I was around 9 I had a painful accident, I was learning how to ride a bike and then...BOOM! I crashed into my sister, my sister was fine but my head was ble#ding, my left ankle was covered with blo#d, and the skin from my hands was peeled off and my thumb's nail was cracked, what caused this? Welling at the park I practiced boking at had a ton of Benches and unfortunately...I crashed onto one, I was rushed to the doctors and they said that everything was fine and would heal in a couple of weeks but the main problem was my ankle, somehow it got infected and I was in bed for 2 weeks! After that 2 weeks, I went back to the doctors and they said that I can walk but I can't run. after that accident, I never touched a bike ever again, as a 9-year-old, I thought I was going to die! What helped me cope? My parents bought me a bunch a toys and a dog, my sister(twin sister) also helped me recover by helping out mentally, I seriously thought that was going stir crazy since every time I ran for too long, my vision would go completely black for at least a soild 30 seconds. Ultimately, my family's love and care helped me recover.
brainliest please haha?
It’s B he developed the scientific method
A numerical rating that expresses how likely you are to repay your debts.
