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!
C chemicals are the only substance that can cause dissolveing or mass burning tension with atoms in a place and a human has chemicals also in the stomach which is used to break down food
Answer:
Under the Truth in Lending Act a consumer obtains a loan that is secured by a principal residence the has the right to rescind in three business days with the exception of a purchase and construction of a principle residence. This statement is TRUE.
Explanation:
The 'Truth in Lending Act' ( TILA) ensures that there is a specific way informed to use credit cards. It promotes the exposure of its terms and costs so that there is a standard way of calculating the cost of loan borrowing. This is a federal law in which lenders are required to provide clients with all the information of loan cost so that they can compare various loans that are given.
Under this act, debtors can cancel certain transactions for a period of three days from the date of transaction or the date from which notice has been given of their right to withdraw, whichever is later. Thus, the statement is TRUE.
The correct choice is letter C. practice law and leave all typing to the secretary
This economic consultant advises Juanita an option that she can barely dismiss. In order to pursue her law, Juanita needs Jill, her secretary, to continue what she was doing so that she will not be able to leave her work behind.
Answer:
Explanation:
lithosphere
Earth's crust, called the lithosphere, consists of 15 to 20 moving tectonic plates. The plates can be thought of like pieces of a cracked shell that rest on the hot, molten rock of Earth's mantle and fit snugly against one another.
