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Alecsey [184]
3 years ago
15

Which of the following is true regarding taxation of dividends in participating policies?

Business
1 answer:
Monica [59]3 years ago
3 0

Answer:

d. They are tax free to terminal ill insured

Explanation:

Dividends in participating policies are not taxed, whether you are chronically ill or not. The IRS considers dividends distributed by participating policies as unused premiums, they are not considered income. Only if any interests are earned, then only the interests will be taxed.

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Hasbro, Inc., the trademark owner of "Candy Land," sought a court injunction to stop Internet Entertainment Group, LTD from usin
Nutka1998 [239]

Answer:

A lawyer

Explanation:

because he is the company lawyer and has a legal right

8 0
4 years ago
First, think about the way in which interest on municipal bonds is treated from a federal income tax point view. In this light,
spin [16.1K]

Answer:

4% (exactly 4.4%)

Explanation:

A taxable bond is a debt security whose return to the investor is subject to taxes at the local, state or federal level, or some combination thereof. An investor trying to decide whether to invest in a taxable bond or tax-exempt bond should consider what s/he will have left in income after taxes are taken.

Step 1:

Find the reciprocal of your tax rate,

(1-22%) = 1-0.22 = 0.78

Step two:

Divide this into the yield on the tax-free bond to find out the tax-equivalent yield.

3.5/0.78 = 4.4 ~ 4%

7 0
3 years ago
Kurt simmons has 50/100/15 auto insurance coverage. one evening he lost control of his vehicle, hitting a parked car and damagin
IrinaK [193]
Damage to the parked car is $5,400. Damage to the store is $12,650. Total damage is calculated as follows : 
Total damage = damage to the car + damage to the store Substitute the values in the formula : 
Total damage = $5,400 + $12,650 = $18,050. Total damage is $18,050. 
The insurance company will cover a maximum of $15,000. The remaining amount of the damage has to be paid by Kurt. The remaining amount is calculated as : 
Amount paid by Kurt = Total damage – amount paid by insurance company 
Substitute the values in the formula : 
Amount paid by Kurt = $18,050 - $15,000 = $3,050 
Therefore, he will have to pay the remaining $3,050
7 0
4 years ago
The terms are default, grace period, late payment fee, over the limit fee, and bad credit
trapecia [35]

Answer:

1. Bad credit

2. Over the limit fee

3. Late payment fee

Explanation:

1. Bad credit is a situation where a borrower fails to repay his bills on time. This can have an effect on his credit score, thus resulting in a bad credit score and the inability of lenders to lend money. This explains John's situation because he fails to pay on time.

2. Over the limit fee is charged when a person's balance exceeds his credit limit and this can result in a decline of transaction. Susan has apparently exceeded her limit and her transaction might be declined or the balance might be deducted when she pays the fee.

3. Late payment fee is charged when a person fails to complete his payment on the due date. Interest is being charged after the purchase which he pays at a later time because he failed to read the conditions of the credit card offer.

4 0
3 years ago
What is anomie? What effects does it have?
enot [183]
Anomie is the lack of the usual social or eithnical standards.
7 0
3 years ago
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