Answer:
Ed and his Widow's Gross Income is:
$97,000
Explanation:
a) Data and Calculations:
Gifts from individuals $10,000
Medical expense offset 25,000
Time of need pay 12,000
Group life insurance 50,000
Gross income $97,000
b) Ed and his widow's gross income is $97,000. It is the sum of all forms of earnings before any deductions or taxes. The gross income is higher than the net income, which is defined as the gross income minus taxes and other deductions.
Ed's gross income includes the gifts and life insurance payout, but not the support received by his widow.
Ed's gross income includes the $10,000 in gifts from individuals and the $50,000 collected on the group term life insurance policy. These amounts are considered taxable income. The $12,000 paid to Ed's widow in her time of need is not considered gross income because it can be classified as a gift or as support received on account of the marital relationship.
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went through a chain link fence before it stopped. What coverage would pay for the
repair of the fence and the damage to the yard?
The answer to the question is (A) a direct incentive.
A direct incentive refers to a type of incentive that is given in order to cause an action to occur.
A direct incentive is generally tangible to the person who is targeted by it. In contrast, its opposite, an indirect incentive refers to a type of incentive that a person receives indirectly by choosing to do something. It is usually less tangible than a direct incentive.
b. an escrow agent.
c. a title company.
d. a realtor.
Answer:
D
Explanation:
Answer:
Option (B) is correct.
Explanation:
Marginal benefit refers to the benefit that a consumer can get from consuming an additional unit of a commodity.
If the marginal benefit is greater than the marginal cost then a consumer is continuing consuming the additional units of a commodity.
A consumer uses the marginal analysis for deciding whether to consume an extra unit of a commodity or not. In this analysis, a consumer compares the marginal benefit with the marginal cost.
b. AOP Legal Document
c. None of the above