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Question 151 and Aerre-Luc and Philippe are shareholders of Fight Inc., each of them holding 60% and 40% respectively. They have prepared a buy-sell agreement

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Question 151 and Aerre-Luc and Philippe are shareholders of Fight Inc., each of them holding 60% and 40% respectively. They have prepared a buy-sell agreement between them which is funded by criss-cross life insurance. The shareholders' marginal tax rate is 45%. What percentage of the premiums will Pierre-Luc and Philippe be able to deduct from the income tax? O 100% O 50% 53 200%

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