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3 years ago

For federal tax purposes, which of the following is true regarding lump-sum life insurance benefits?

1 answer:

7 0

Based on the information given, it should be noted that all proceeds are income tax free in the year that they're received.

A tax simply means a compulsory levy that's paid by the people or companies to the government. It's important to achieve economic development.

For federal tax purposes regarding lump-sum life insurance benefits, it should be noted that all proceeds are income tax free in the year that they're received.

Learn more about tax on:

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Answer:

Jason's performance appraisal may be unfair due to likeability.

Explanation:

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3 years ago

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3 years ago

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Answer:

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3 years ago

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Answer:

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Explanation:

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Credit - Service rendered -------- $50,750

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3 years ago

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Answer:

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3 years ago