Question
35- Greg died on July 1, 2020, and left Lea, his wife, a $45,000 life insurance policy which she elects to receive at $4,500 per
35- Greg died on July 1, 2020, and left Lea, his wife, a $45,000 life insurance policy which she elects to receive at $4,500 per year plus interest for 10 years. In the current year, Lea receives $5,625.
How much should Lea include in her gross income in 2020?
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
