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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Hating one thing but pretend to like them to fit in is an example of <u>normative social influence.</u>
What more about this social influence or societal impact should you be aware of? Here:
- It is a form of social influence that encourages compliance.
- Because they do not want to appear silly or left out, they are adjusting to fit in with the group.
- However, any change in behavior is only transient; it does not affect the person's hidden views.
- The group becomes more stable when the majority of its members adhere to social rules, which helps to create social cohesion.
- Normative social influence frequently affects things like binge watching reality shows, fashion, music preference, reposting internet memes, and sharing filtered content on social media.
Learn more about informational social influence vs. normative social influence: brainly.com/question/10524203
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