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vaieri [72.5K]
3 years ago
13

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 report
Business
1 answer:
viktelen [127]3 years ago
6 0

Answer: $30,000 of taxable income

Explanation:

Rianna will pay $30,000 of taxable income.

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