Possible Answers: $5,000.25 $1,750.14 $7,500.00 $2,475.00 (PE-02-08) LIFE Kylie owns a life insurance policy that was last acquired after December 1, 1982, and is therefore subject to the new rules. The policy has a face value of $600,000. The ACB is $80,000, and the CSV is $105,000. Kylie has decided to reduce the face value to $200,000, which is considered to be a deemed disposition/partial surrender of the policy. Assuming she is in a 30% marginal tax bracket, how much in taxes would Kylie owe?