The tax law allows additional standard deduction amounts
A)
only for impaired vision.
B)
for alimony payments.
C)
for both impaired vision and age 65 or older.
D)
for second homes.
C
You might also like to view...
California rules for annuity sales require all agents to present a specific disclosure document in advance to any senior citizen who is not already a client whenever a sales appointment will be conducted in the person's home. How far in advance must the prospect receive the written notice?
A. One business day B. At least 24 hours C. Prior to entering the home D. Three calendar days
Nathan was hired as an actuary with ABC Insurance. Nathan was asked to calculate the annual premium for a new product and to explain his calculations to ABC's director of ratemaking
Nathan calculated the pure premium and presented this value as the final premium. After Nathan's presentation, the director of ratemaking said, "You left out something very important. If we sell coverage at the pure premium rate, we'll be out of business soon." What did Nathan overlook in his calculations? A) loading for expenses B) the underwriting cycle C) seasonality of claims D) investment income