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Question 2 (1 point) Many years ago, Sandie invested in an apartment building that she wants to bequeath to her sons Jason and Matt when

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Question 2 (1 point) Many years ago, Sandie invested in an apartment building that she wants to bequeath to her sons Jason and Matt when she dies. She has just found out that there will then be a large tax liability on the capital gain, which could force her sons to sell the building. The fair market value (FMV) of the building is $850,000 and its adjusted cost base (ACB) is $255,000. Sandie's marginal tax rate is 50%. She is thinking of buying life insurance for her sons to cover the capital gains tax. How much would the tax liability be if Sandie were to die in the near future? a) $150,000 Ob) $212,500 Od $300,000 d) $425,000 Question 2 (1 point) Many years ago, Sandie invested in an apartment building that she wants to bequeath to her sons Jason and Matt when she dies. She has just found out that there will then be a large tax liability on the capital gain, which could force her sons to sell the building. The fair market value (FMV) of the building is $850,000 and its adjusted cost base (ACB) is $255,000. Sandie's marginal tax rate is 50%. She is thinking of buying life insurance for her sons to cover the capital gains tax. How much would the tax liability be if Sandie were to die in the near future? a) $150,000 Ob) $212,500 Od $300,000 d) $425,000

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