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Business, 30.07.2020 02:01 sports1997

Seymore named his wife, Penelope, the beneficiary of a $100,000 insurance policy on his life. The policy provided that, upon his death, the proceeds would be paid at a rate of $4,000 per year plus interest over a 25-year period. Seymore died June 25 of last year, and in the current year Penelope received a payment of $5,200 from the insurance company. What amount should she include in her gross income for the current year

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Seymore named his wife, Penelope, the beneficiary of a $100,000 insurance policy on his life. The po...
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