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!
True, Nativists were an anti-immigrant group that held racist views of new immigrants.
Strictly enforced property rights increase economic growth in a DVC are
Ensures workers receive rewards for their work;
Direct investment is encouraged by firms in IACs;
Investment risk is reduced.
How to improve DVC labor productivity? If capital accumulation increases production faster than growth, the margin of savings can generate more capital accumulation. When private DVC savings are transferred to an IAC account, this is known as capital.
The four main determinants of economic growth are human resources, natural resources, capital formation, and technology, but the importance that researchers place on each determinant is always different.
There are three main factors driving economic growth. Accumulation of capital stock. Increased labor input, eg B. workers or working hours. Technological progress.
Learn more about economic growth here: brainly.com/question/1690575
#SPJ4
<span>Its the reverse I am afraid political correctness has destroyed any notion of assimilation into our society we're all told to celebrate difference - apparently !</span>
