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
The listing associate should present the offer to the seller as a potential backup offer for further negotiation.
<h3>
Who is a seller?</h3>
- A seller is any person or company who sells a product, service, or financial asset.
- Short selling is the practice of borrowing securities that are not held in order to sell them and then repurchase them at a reduced price.
- A "writer" is a seller of options who collects the premium from the buyer.
<h3>What is an offer?</h3>
- In exchange for something else, a commitment to do or refrain from doing something.
- An offer must be worded and delivered in such a way that a reasonable person would expect its acceptance to result in a binding contract.
Therefore, the listing associate should present the offer to the seller as a potential backup offer for further negotiation.
Know more about a seller here:
brainly.com/question/906651
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Hacking. Hope this helps you out today!
Answer:
c
Explanation:
The federal reserve systems responsibilities include influencing the supply of money and credit to banks
