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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!
The loyalist wanted to keep Britain in charge, but the patriot wanted America's freedom. So, they were both LOYAL to their countries. <span />
Explanation:
to have been in an error, and to have persisted in it, when it is detected, ruins both reputation and fortune.
The best definition of unicameral is a government with one legislative body, hence the word "uni". The United States had a unicameral type of legislature but was later changed because all the states had the same number of representations, even though a state has a low or high amount of population. The United States changed from a unicameral to a bicameral legislature, which is composed of the Senate and the House of Representatives.
