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Business, 07.04.2020 01:11 mvtthewisdead

Fran dies this year. Her spouse, Carl, is the beneficiary of a $100,000 life insurance policy. Carl elects to receive the proceeds in 10 equal installments of $11,000. In the current year, Carl receives $11,000.
The amount included in Carl's current year gross income is $.

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Fran dies this year. Her spouse, Carl, is the beneficiary of a $100,000 life insurance policy. Carl...

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