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.
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Answer:
November 27th,1095.In 1905 he started preaching the first crusade(1905-1999). He promised forgiveness and pardon for all of the past sins for those who would fight to reclaim the holy Land from Muslims and free the Eastern churches.
The correct answer to this open question is the following.
Although there are no options attached, we can say that when Derek writes his autobiography, he can just concentrate on recalling the events he experienced in the past, without thinking about the keystrokes he needs to hit. He uses explicit memory in recalling the past events, and implicit memory in hitting the right keystroke.
Scholars consider that you use explicit memory when people have to make a conscious effort to remember something. For instance, if you try to remember your friend's names from elementary school, you have to use explicit memory to make an effort and try to name some of your friends at that time.
On the other hand, when data, names, figures, or any information comes up easily to your mind, then it is said that you use your implicit memory. Ideas and memories easily come to your mind.
Answer:
Being financially responsible is important for your health and your financial life. To "live within your means" means that what you spend each month is less than or at least equal to the amount of money you bring in each month. For many people, it’s a lot easier said than done.
Credit cards, loans, savings, and even emergency funds allow you to buy more things than your income would ordinarily allow. Unfortunately, that kind of lifestyle isn’t sustainable and, at some point, reckless spending will catch up to you. Learning to live below your means will help you avoid financial ruin and find the peace that comes with financial freedom.Using credit cards to pay bills or cover other living expenses is not a way to live below your means. When you plan your budget, completely rule out credit cards as a way to make ends meet. Once you know how much you make, you can focus on reducing your spending to fit your income. If you don’t have one already, create a budget to plan your expenses and use it to keep your spending on track. If you’ve already tried budgeting and it didn’t work, try it again. Often you just need to make some minor changes to your budget to get it to be effective.
If you want to keep the process simple, try a method called "backward budgeting." Write down your income, then start subtracting each expense you pay each month. If you get to a negative number, then you're spending too much and need to cut back.
Explanation:
