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Business, 14.02.2020 01:47 dontcareanyonemo

Ellie purchases an insurance policy on her life and names her brother, Jason, as the beneficiary. Ellie pays $32,000 in premiums for the policy during her life. When she dies, Jason collects the insurance proceeds of $500,000. As a result, Jason reports gross income of .

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Ellie purchases an insurance policy on her life and names her brother, Jason, as the beneficiary. El...
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