Andrew and Jennifer are in the 25% marginal tax bracket. Three years ago they purchased 100 shares of stock at $20 a share. In 2015, they sold the 100 shares for $29 a share
What is the amount of federal income tax they owe as a result of this sale?
A) $135
B) $165
C) $225
D) $435
Answer: A
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Which of the following is an incorrect statement regarding service liability?
A) Strict liability has been frequently applied to services. B) Most service liability cases involve services provided by professionals, such as doctors and lawyers. C) Along with the growth in lawsuits for defective products, there has also been an increase in the number of lawsuits brought for defective services. D) Lawsuits for defective services are generally brought when someone or someone's property is harmed as a result of an inadequately performed service.
Why does the death benefit increase under certain conditions in the universal life Plan A (fixed face amount)?
What will be an ideal response?