Answer:
He can include $16,000 in his gross income.
Explanation:
As the life insurance policy was transferred for some valuable consideration so the amount of valuable consideration will be deducted from the insurance proceeds.
Also premium paid by the transferee will be deducted from proceeds.
Now as the transferee received $25,000 from insuarance company.
So Tylor can include $25,000 less $7,500 less $1,500 in his gross income.
He can include $16,000 in his gross income.
Answer: Option B
Explanation: In simple words, economic growth refers to a situation when an economy produces more output in the current year as compared to the previous year.
The economic growth could happen from a number of factors. However in the given case, the growth in output is happening without any increase in input. This can only occur when the technology has been improved or the labor productivity has been increased.
Only under the above instances one can have more output than the previous level without increasing the input.
Hence from the above we can conclude that the correct option is B.
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Answer:
B.
Explanation:
Soft money can be defined as a money raised by party or committees that's not been regulated by the federal campaign finance. Such campaign contributions are not made within the federal law and thus are illegal to raise. These monetary contributions are used for party building activities such as electoral registration programmes. The origin of soft money dates back to the Watergate reforms.
<u>In the given case, the monetary contributions were used for party-building expenses or generic party advertising. Thus this monetary contribution is known as soft money.</u>
So, the correct answer is option B.
A stock insurance company is a corporation owned by its stockholders and
its main objective is to make a profit for them. Stock or shareholders differ
from policyholders because the latter do not share directly in the profits of the company Todd plans to
purchase a life insurance policy from a stock insurer because he wants
something where he can buy shares and be a shareholder of the company instead of
just being a policyholder.
