The deducti Study guides, Class notes & Summaries

PERSONAL FINANCE D363 (WGU DEDUCTIVE AND PERSONALIZED FOR LONG TERM GROWTH IN THE FIELD AND PRACTICE OF FINANCE) QUESTIONS & ANSWERS SCORED A+

Chapter 15. The Deduction for Qualified Business Income for Noncorporate Taxpayers

NC - Health Insurance - Practice Exam Questions With Complete Solution All of the following are true regarding Key Employee Disability Income insurance EXCEPT A) Premiums are not tax deductible for the employer. B) Benefits are taxable to the employer. C) The employer owns the policy. D) Benefits are paid to the employer to retrain a new person. ANS-B) Benefits are taxable to the employer. Key person disability income premiums are not deductible to the business, but the benefits are re...

AHIP Final Exam Test Questions and Answers (2022/2023) Mrs. Paterson is concerned about the deductibles and co-payments associated with Original MedicareWhat can you tell her about Medigap as an option to address this concern? a. Medigap plans are not sold by private companies and are a government insurance product. b. All costs not covered by Medicare are covered by some Medigap plans. c. If Mrs. Paterson applies during the Medigap open enrollment period, she will have to undergo a medical ...

AHIP Final Exam Test Questions and Answers (2022/2023) Mrs. Paterson is concerned about the deductibles and co-payments associated with Original MedicareWhat can you tell her about Medigap as an option to address this concern? a. Medigap plans are not sold by private companies and are a government insurance product. b. All costs not covered by Medicare are covered by some Medigap plans. c. If Mrs. Paterson applies during the Medigap open enrollment period, she will have to undergo a medical ...

California Life, Accident, and Health State Exam Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - No payments - 30 payments - 60 payments - 120 payments - Answer ️️ -60 Payments An annuitant would like to determine the amount of an annuity distribution that is exempt from taxation. What is used to calculate this? - Mortality rate - Exclu...

Mrs. Paterson is concerned about the deductibles and co-payments associated with Original MedicareWhat can you tell her about Medigap as an option to address this concern? a. Medigap plans are not sold by private companies and are a government insurance product. b. All costs not covered by Medicare are covered by some Medigap plans. c. If Mrs. Paterson applies during the Medigap open enrollment period, she will have to undergo a medical review to determine if she has a pre-existing conditi...

Income Tax - Chapter 5 EXAM WITH COMPLETE SOLUTIONS 1. What is the difference between deductions from AGI and deductions for AGI? - ANSWER-for AGI can be claimed whether or not the taxpayer itemizes (everyone gets a for AGI deduction) -from AGI result in a tax benefit only if they exceed the taxpayers standard deduction (not everyone can take a from AGI deduction- must exceed standard) (many of these are going to be limited by their AGI) 4. Can an individual take a medical deduction for ...

NC Life Insurance - Other Life Topics - Chapter Quiz with Verified Solutions Contracts that are prepared by one party and submitted to the other party on a "take it or leave it" basis are classified as A. Binding contracts. B. Contracts of adhesion. C. Unilateral contracts. D. Aleatory contracts. - Answer ️️ -(B) Contracts of adhesion Insurance policies are written by the insurer and submitted to the insured on a "take it or leave it" basis. The insured does not have any input i...

Nebraska Crop Insurance Exam Practice Questions and Answers Mutual - Answer️️ -A ________ insurance company is owned by its policyholders. Reinsurance - Answer️️ -If an insurance company wants to transfer all or part of the risk it has accepted, it would buy which of the following types of insurance? Domestic Insurer - Answer️️ -An insurer organized under the laws of this state, whether or not it is admitted to do business in this state. Foreign Insurer - Answer️️ -An in...