A rider on a whole life policy that adds temporary coverage for a spouse and children is
A) a family income rider
B) a family maintenance rider
C) a multiple protection policy
D) a family term rider"
Ans: D) a family term rider"
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The capacity to bounce back from adversity and sustain yourself when confronted with challenges is called what?
What will be an ideal response?
Ruth Lewis has adjusted gross income of $100,000 for 2016 and itemizes her deductions. On September 1, 2016, she made a contribution to a private nonoperating foundation (not a 50% charity) of stock held for investment for 2 years that cost $25,000 and had a fair market value of $70,000. The foundation sold the stock for $70,000 on the same date. Assume that Lewis made no other contributions during 2016. How much should Lewis claim as a charitable contribution deduction for 2016?
a) $25,000 b) $30,000 c) $50,000 d) $20,000