Xử lý thuếCâu 709 / 716
When death proceeds are left with the insurer and paid to the beneficiary in installments, the portion that is taxable is the:
a.The entire installment, principal and interest
b.Neither the principal nor the credited interest
c.Only the return of the principal death benefit
d.Interest earned on the retained proceeds
Giải thích
The death benefit principal remains income-tax-free, but any interest the insurer credits on proceeds it holds under a settlement option is taxable. Only that interest, not the principal, is taxed.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- Which 1035 exchange is NOT permitted on a tax-free basis?
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Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)