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uestion Completio Jill, a widow, elected to receive the proceeds of a $200,000 life insurance policy on the life of her deceased husband in
uestion Completio Jill, a widow, elected to receive the proceeds of a $200,000 life insurance policy on the life of her deceased husband in 10 installments of $22,500 each. Her husband had paid premiums of $60,000 on the policy. In the first year, Jill collected $22,500 from the insurance company. What must she must include in gross income: T+F19 (PC) or ALT+FN+F10 (Mac). 10pt
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