Question: In September 2 0 2 4 , Thomas died. His wife was the beneficiary of his $ 5 0 , 0 0 0 life insurance

In September 2024, Thomas died. His wife was the beneficiary of his $50,000 life
insurance policy. Thomas had paid $20,000 in premiums. His wife elected to collectthe proceeds in ten equal installments of $6,500($5,000 on the face amount of the policy and $1,500 interest). Of the $6,500 she collected in 2024, the taxable
amount is:

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