How are survivorship life insurance policies helpful in estate planning?
A) Provide funds to help fund retirement
B) Provide funds to help pay taxes
C) Provide funds for funeral expenses
D) Provide tax deductions for premium payments
Ans: B) Provide funds to help pay taxes
Business
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Which of the following is collected as a percentage of the retail sales of a product, by the retailer, and forwarded in the State of Equalization?
a. Income tax b. Sales tax c. State tax d. Retail property tax
Business
The most significant difference between a partnership and a sole proprietor is the ________
A) amount of liability of owners B) taxation process used by owners C) number of government forms required for establishment D) number of people contributing resources E) revenue potential
Business