Given the same face amount of insurance protection, which of the following would have the most rapid cash value build-up?
A)
Renewable term insurance
B)
Whole life insurance
C)
Limited payment ordinary life insurance
D)
Modified whole life insurance
C
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Several persons own property as tenants in common. One of the owners desires to sell the property whereas the other owners prefer to retain the property. If the parties cannot reach an agreement, which of the following actions would most likely be taken by the owner who wants to sell?
A. Force the remaining owners to buy his or her interest. B. File a partition action. C. File a foreclosure actions. D. Rent his/her interest to the others.
In the 28% marginal tax bracket, a $1,000 tax-deductible contribution to a pension account will reduce your taxes in the year of the contribution by
A) $0. B) $280. C) $720. D) $1,000.