Requirements

a$.$ How much income must Amy report if she collects the face value of the policy upon the death of her mother?

b$.$ Would Amy have to report any income if her brother had given her the policy? Assume the only payment she made was $$9,000$ for the premiums.

Requirement a$.$ How much income must Amy report if she collects the face value of the policy upon the death of her mother? $($Enter a $"0"$ if no income needs to be reported.$)$

If Amy collects the face value of the policy upon the death of her mother, the income Amy must report: