Sumedha is the beneficiary of her mother's $500,000 life insurance policy. She receives $54,000 per year over ten years in settlement of her mother's policy. Sumedha will exclude the $54,000 proceeds received each year from the life insurance company.
Answer the following statement true (T) or false (F)
False
Only $50,000 of each payment is excluded. The $4,000 balance is taxable as interest income.
You might also like to view...
Considerations in selecting a layout include ______.
A. producing products and services that are cost-effective B. circumventing government regulations C. abiding by ISO requirements D. ensuring that high prices can be charged
______ programs provide employers with high return on investment and help with productivity, absenteeism, and turnover.
A. Ergonomics B. Spillover C. Utilization D. Wellness
Elaborate on the real-options perspective.
What will be an ideal response?
The continual search for the most effective method of accomplishing a task by comparing existing methods and performance levels with those of other organizations, or with other subunits within the same organization is known as a gain-sharing plan.
Answer the following statement true (T) or false (F)