Peggy takes out a $50,000 10-year term policy on herself and names her 2 children, aged 11 and 12, as primary beneficiaries to share equally in the proceeds. How much would each child receive if Peggy should die when the children are aged 19 and 20?

Taylor, an unmarried taxpayer, had $90,000 in adjusted gross income for Year 12. During Year 12, Taylor donated land to a church and made no other contributions. Taylor purchased the land in Year 1 as an investment for $14,000. The land's fair market value was $25,000 on the day of the donation. What is the maximum amount of charitable contribution that Taylor may deduct as an itemized deduction for the land donation for Year 12?

a. $25,000 b. $14,000 c. $11,000 d. $0

The Family and Medical Leave Act (FMLA) was designed to guarantee that workers facing an unexpected medical catastrophe or the birth or adoption of a child would be able to take needed time off from work

Indicate whether the statement is true or false