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Question 35 point Felir cook at alle insurance policy in 2010. He has $400,000 of coverage. The policy has a cash surrender value of $60,000

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Question 35 point Felir cook at alle insurance policy in 2010. He has $400,000 of coverage. The policy has a cash surrender value of $60,000 and an adjusted cost base of $36,000. Pelir decides to reduce the coverage from $400,000 to $100,000. Assuming a marginal tax rate of 45% how much in income taxes will be payable following this coverage modification? al $10.800 ON $8100 Od 54,050

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