How is group term life insurance taxed while the insured is alive?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
While the insured is alive no income is reported as long as the amou...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Introduction to Risk Management and Insurance
ISBN: 978-0131394124
10th edition
Authors: Mark S. Dorfman, David Cather
Question Posted:
Students also viewed these Corporate Finance questions
-
Carmin Kovach is single and has two children from her previous marriage. Anika, 9, lives with Carmin. Julius, 11, lives with his father, Ray. Carmin pays alimony of $400 per month to Ray. The...
-
(a) Should the $3000 interest earnings from Harrys trust fund be included in his annual income for the purposes of calculating the likely dollar loss if he were to die? Explain your response. (b)...
-
Data Corporation has four employees and provides group term life insurance coverage for all four employees. Coverage is nondiscriminatory and is as follows: a. How much may Data Corporation deduct...
-
Featherstone Inc. reported the following data: Net income ................................... $296,000 Depreciation expense ................... 113,100 Gain on disposal of equipment ...... 58,500...
-
Test the hypotheses H0: 100 H1: > 100 Using a random sample of n = 25, a probability of Type I error equal to 0.05, and the following sample statistics. a. x-bar = 106; s = 15 b. x-bar = 104; s =...
-
Amber Moss and Latoya Pell decide to form a partnership by combining the assets of their separate businesses. Moss contributes the following assets to the partnership: cash, $15,000; accounts...
-
Refer to the information about Sonad Company in Exercise 16-6. Use the direct method to prepare only the cash provided or used by operating activities section of the statement of cash flows for this...
-
Refer to the Contois Carpets problem, for which the network representation is shown in Figure. Suppose that Contois has a beginning inventory of 50 yards of carpet and requires an inventory of 100...
-
36. The number one categorization (Frequency) of Financial statement fraud is due to the misuse of the concept of a. Cookiejar reserves b. Revenue recognition-overstatement c. Expense recognition d....
-
Mr. M has been employed as an engineer by A Ltd., a company incorporated in Hong Kong. During the year ended 31 March 2019, Mr. M had the following income and expenditure. A monthly salary of...
-
List three different approaches for determining a group life insurance benefit.
-
Most financial planners do not recommend that employees rely exclusively on group life insurance for family survivor death benefits. Explain their reasons.
-
Jackson Corporation's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 8%. The bonds have a yield to maturity...
-
Find the unknown angle measures. 49 60 Drawing is not to scale. I = y = In S
-
Q5 For this question, use data from only restaurants with between 50 and 60 items in the data set. Predict total fat from cholesterol, total carbs, vitamin a, and restaurant. Remove any...
-
A meteorologist believes that there is a relationship between the daily mean windspeed, w kn, and the daily mean temperature, t C. A random sample of 9 consecutive days is taken from past records...
-
Suppose k(x) = f(g(h(x))). Given the table of values below, determine k' (1). g(x) h(x) f'(x) g'(x) h'(x) x f(x) 1 -6 -3 3 6 -6 -6 3 -3 4 1 -7 -2 5 4 -2 7 3 1 -7 -8
-
In a research study women with metastatic stomach cancer responded to the Symptom Distress Scale and the Profile of Mood States. A correlation coefficient was reported: r = 0.5, p = 0.03. How would...
-
The following information is taken from the annual report of a major listed company. Write a short explanation that is suitable for a private shareholder who does not have specialist accountancy...
-
Using a graphing utility, graph y = cot -1 x.
-
Ayako Miyake is a currency arbitrager for Atsugi Bank in Kanagawa. The spot rate this morning is \( 110.60 / \mathrm{S}\), and early indications are the 90 -day interest rates in the United States...
-
When commercial crime insurance is written on a loss-sustained basis, the policy contains a provision called loss sustained during prior insurance not issued by us or any affiliate. Explain the...
-
Briefly describe the following insuring agreements that appear in a financial institutions bond. a. Fidelity coverage b. On premises coverage c. In transit coverage d. Forgery or alteration
-
How do surety bonds differ from insurance contracts?
-
Estimate the intrinsic value of the stock company ABC. Dividends were just paid at $8 per share and are expected to grow by 5%. You require 20% on this stock given its volatile characteristics. If...
-
Crane, Inc., a resort management company, is refurbishing one of its hotels at a cost of $6,794,207. Management expects that this will lead to additional cash flows of $1,560,000 for the next six...
-
Match each of the following transactions with the applicable internal control principle that is being violated
Study smarter with the SolutionInn App