Which the following statements regarding 1035 exchanges is NOT correct?
A) Life insurance to annuity transfers are not taxable.
B) Life insurance to life insurance transfers are not taxable.
C) Annuity to annuity transfers are not taxable.
D) Annuity to life insurance transfers are tax-free.
Ans: D) Annuity to life insurance transfers are tax-free.
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When writing your résumé,
A) use strong action verbs. B) use a variety of sentence lengths. C) use the word "I" as often as possible. D) be repetitious when talking about skills and abilities. E) indicate your "self-involvement" by listing volunteer work.
The local convenience store makes personal sized pizzas. Currently, its process makes complete pizzas, fully cooked, for the customer. This process has a fixed cost of $20,000, and a variable cost of $1.75 per pizza
The owner is considering a different process that can make pizzas in two ways: completely cooked (as before), or partially cooked and then flash frozen for the customer to finish heating at home. This alternate process has a fixed cost of $24,000, but a lower variable cost (because much less energy is used in baking) of $1.25 per pizza. a. What is the crossover point between the existing process and the proposed process? b. If the owner expects to sell 9,000 pizzas, should he get the new oven?