Rebecca is the beneficiary of a $500,000 insurance policy on her husband’s life.She elects to receive $52,000 per year for 10 years rather than receive the entire amount in a

Rebecca is the beneficiary of a $500,000 insurance policy on her husband’s life.She elects to receive $52,000 per year for 10 years rather than receive the entire amount in a lump sum.Of the amount received each year
A)$2,000 is taxable income.
B)$50,000 is taxable income.
C)$52,000 is taxable income.
D)$5,000 per year is tax free as a death benefit.


Leave a Reply

Your email address will not be published.