Question $31(2\mathrm{.}5$ points$)$

Linen

Bentley has paid $$40,000$ in premiums on a whole life policy with a $$250,000$ death benefit. The policy has paid a dividend of $$1\mathrm{.}000$ per year for the past $10$ years. If Bentley surrenders the policy today for it's cash value of $$$$000,$ what will be the amount of gain subject to taxation?

$$ $$0.$

$$15,000.$

$$55,000.$

$$25,000.$