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Author Question: Carl filed his tax return, properly claiming the head of household filing status. Carl's employer ... (Read 87 times)

ss2343

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on: Sep 13, 2020

Question 1

Cameron is the owner and beneficiary of a $300,000 policy on the life of his mother. Cameron sells the policy to his brother, Parker, for $100,000. Parker subsequently pays premiums of $55,000. Upon his mother's death, how much of the insurance proceeds must Parker include in income?
◦ $0
◦ $55,000
◦ $145,000
◦ $300,000

Question 2

Carl filed his tax return, properly claiming the head of household filing status. Carl's employer paid or provided the following to Carl:



How much of this income should Carl report (assume benefits are provided on a nondiscriminatory basis)?
◦ $65,000
◦ $69,000
◦ $69,500
◦ $70,100
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by ss2343 on Sep 13, 2020

akpaschal

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ss2343

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

amcvicar

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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