10. Dorothy has a $800,000, death benefit Option I (level) universal life policy, currently in at the end of the 7th policy year, with the following data: Current account value = $55,000 Premiums paid to date = $30,000|| Withdrawals taken to date = $0 Dorothy has paid less than the 7-pay premium in each of the seven policy years. If Dorothy takes a $40,000 partial withdrawal, how much of it would be considered taxable income? a. $0 b. $10,000 c. $25,000 d. $30,000 e. $40,000 10. Dorothy has a $800,000, death benefit Option I (level) universal life policy, currently in at the end of the 7th policy year, with the following data: Current account value = $55,000 Premiums paid to date = $30,000|| Withdrawals taken to date = $0 Dorothy has paid less than the 7-pay premium in each of the seven policy years. If Dorothy takes a $40,000 partial withdrawal, how much of it would be considered taxable income? a. $0 b. $10,000 c. $25,000 d. $30,000 e. $40,000