In November 2018, Simon pays $6,200 to take a course to improve his job skills to qualify for a new position at work. Simon's employer reimbursed him for the cost of the course. For 2018, Simon's lifetime learning credit is:
a. $2,000
b. $1,000
c. $1,500
d. $1,240
e. None of these are correct
Ans: e. None of these are correct
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Malia is a recent graduate of TSU Law School. She lands an impressive employment contract with the firm of Dewey, Cheathem, and Howe, Attorneys at Law, on the stated provision that she pass the upcoming bar exam. This provision in the employment agreement is a(n):
a. condition precedent. b. condition subsequent. c. implied condition. d. concurrent condition.
What is the proper order of initial life insurance premiums, from lowest to highest?
A) Ordinary life, single premium, modified premium B) Modified premium, ordinary life, single premium C) Single premium, modified premium, ordinary life D) Ordinary life, modified premium, single premium