LO 2.4 16. Greg died on July 1, 2010, and left Lea, his wife, a $50,000 life

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LO 2.4 16. Greg died on July 1, 2010, and left Lea, his wife, a $50,000 life insurance policy which she elects to receive at $5,000 per year plus interest for 10 years. In the current year, Lea receives $6,200. How much should Lea include in her gross income?

$ ____________

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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