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Anarel [89]
3 years ago
6

Over the years Rianna paid $65,000 in premiums on a life insurance policy with a face value of $100,000. Upon reaching 65, while

still in good health, Rianna surrendered the policy and collected $95,000. In the year of collection, Rianna will reporta. no income.b. $5,000 of taxable income.c. $30,000 of tax loss.d. $95,000 of taxable income.
Business
1 answer:
KatRina [158]3 years ago
5 0

Answer:

$30,000 of taxable income

Explanation:

Given:

Total amount paid = $65,000

Face value of life insurance policy = $100,000

Surrender value receive = $95,000

Note: The amount received from the life insurance policy is non-taxable income but if any gain happens from the surrender of the policy, the amount of gain will be taxable.

Computation of Taxable income:

Taxable income = Surrender value receive - Total amount paid

Taxable income = $95,000 - $65,000

Taxable income = $30,000

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In the former Soviet Union, producers were paid for meeting output targets, not for selling products. Under those circumstances,
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Answer:

The economic incentive was to produce enough to meet the output target, without regard for quality or cost.

Explanation:

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3 years ago
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Answer:

PART A

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PART B

NO,all the reasons are equally important.

PART C

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The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this
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Answer:

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Following give the real value of a variable:

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In 2016, the relative price of a paperback novel is  3 beignet

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The person above me is right
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