3. Nancy, who is 59 years old, is the beneficiary of a $260,000 life insurance policy. What amount of the insurance proceeds is taxable under each of the following scenarios ? (Do not round any intermediate division. Round your final answer to the nearest whole dollar amount.) a) She receives the $260,000 proceeds as a lump-sum payment. b) She receives the proceeds at the rate of $4,900 a month for five years. c) She receives the proceeds in monthly payments of $1,420 over her remaining life expectancy fassume she will live 25 years). d) Ose the information from (c). If Nancy lives beyond her 25-year life expectancy, what amount of each monthly payment will be taxable in the 26th year? 4. A married couple received $9,000 of social security benefits. a. Calculate the taxable amount of those benefits if the couple's provisional income is $20,000. b. Calculate the taxable amount of those benefits if the couple's provisional income is $37,500. c. Calculate the taxable amount of those benefits if the couple's provisional income is $55,000. 5a An individual must complete Schedule B if the following situation occurs: a) receives qualified dividends of $1,050. b) receives interest income over $1,500 c) receives interest income of $1,450. d) receives child support payments of $1,600