{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T23:10:55-04:00", "answer_date": "2024-05-27 23:10:55", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1806283", "url": "\/study-help\/questions\/question-1-2-pts-kevin-a-single-taxpayer-made-payments-1806283", "question_creation_date_js": "2024-05-27T23:10:55-04:00", "question_creation_date": "May 27, 2024 11:10 PM", "meta_title": "[Solved] Question 1 2 pts Kevin, a single taxpayer | SolutionInn", "meta_description": "Answer of - Question 1 2 pts Kevin, a single taxpayer, made payments of $6,000 for a life insurance policy that has a face amount | SolutionInn", "meta_keywords": "question,1,2,pts,kevin,single,taxpayer,made,payments,$6,000,life,insurance", "question_title_h1": " Question 1 2 pts Kevin, a single taxpayer, made payments of $6,000 for a life insurance policy that has a face amount of $10,000", "question_title": " Question 1 2 pts Kevin, a single taxpayer, made payments of", "question_title_for_js_snippet": "Question 1 2 pts Kevin, a single taxpayer, made payments of $6,000 for a life insurance policy that has a face amount of $10,000 on the life of Linda After some time, Kevin transferred this life insurance policy to Melissa for $8,000 Linda died and following her death, Melissa received the proceeds from life insurance policy of $10,000 in 2021 At the same time, Melissa's daughter Naomi received a $10,000 scholarship for the 2021 2022 academic year Naomi's expenditures for tuition, books, and supplies were $3,000 in 2021 and $4,000 in 2022 How much (if any) can Melissa exclude from her gross income in 2021, and how much should Naomi include in her gross income in 2021 Tim Atte 27 $8,000 $0 O $6,000 $4,000 $8,000 $3,000 O $10,000 $3,000 $6,000 $0", "question_description": "\"image", "transcribed_text": "Question 1 2 pts Kevin, a single taxpayer, made payments of $6,000 for a life insurance policy that has a face amount of $10,000 on the life of Linda. After some time, Kevin transferred this life insurance policy to Melissa for $8,000. Linda died and following her death, Melissa received the proceeds from life insurance policy of $10,000 in 2021. At the same time, Melissa's daughter Naomi received a $10,000 scholarship for the 2021-2022 academic year. Naomi's expenditures for tuition, books, and supplies were $3,000 in 2021 and $4,000 in 2022. How much (if any) can Melissa exclude from her gross income in 2021, and how much should Naomi include in her gross income in 2021? Tim Atte 27 $8,000; $0 O $6,000; $4,000 $8,000; $3,000 O $10,000; $3,000 $6,000; $0", "related_book": { "title": "Accounting Principles", "isbn": "111856667X, 978-1118566671", "edition": "11th Edition", "authors": "Jerry Weygandt, Paul Kimmel, Donald Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6463204bda3c5_274.jpg", "uri": "\/textbooks\/accounting-principles-11th-edition-274", "see_more_uri": "" }, "free_related_book": { "isbn": "0273717065", "uri": "\/textbooks\/brilliant-mac-basics-what-you-need-to-know-and-how-to-do-it-1st-edition-978-0273717065-178315", "name": "Brilliant Mac Basics What You Need To Know And How To Do It", "edition": "1st Edition" }, "question_posted": "2024-05-27 23:10:55", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/chemistry-and-chemical-reactivity\/calculate-the-standard-entropy-change-for-the-following-reactions-at-1145798", "description": "Calculate the standard entropy change for the following reactions at 25C. 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