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Question 18 (1 point) Mary is a 47-year old corporate attorney. She earns $225,000 per year and receives group term life insurance coverage equal
Question 18 (1 point) Mary is a 47-year old corporate attorney. She earns $225,000 per year and receives group term life insurance coverage equal to two times her salary from her employer. Asume the plan is not disciminatory. How much Section 79 income must Mary report this year? $26.25 $60.00 $720.00 $810.00 Use the following information to answer the next three questions: Your client reports the following details to you: Income from Job of $125,000 Reinvested Municipal Bond Interest of $7,000 Additional Dedicated Expenses of $56,000 Discretionary Expenses of $74,300 Monetary Assets of $150,000 Investment Assets of $100,000 Retirement Assets of $130,000 A Home worth $345,000 Credit Card Liabilities of $27,000 Other Debt of $98,000
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