Greg died on July 1, 2014, and left Lea, his wife, a $50,000 life insurance policy which

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Greg died on July 1, 2014, and left Lea, his wife, a $50,000 life insurance policy which she elects to receive at $5,000 per year plus interest for 10 years. In the current year, Lea receives $6,200. How much should Lea include in her gross income? $_______________
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Income Tax Fundamentals 2015

ISBN: 9781305177772

33rd Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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