Question: second question is true or false as well Lawrence borrows $100,000 in order to invest in a business. He pays $4000 in interest on the

second question is true or false as well

Lawrence borrows $100,000 in order to invest in a business. He pays $4000 in interest on the loan and earns $9,000 in investment income for the tax year. He can deduct the full amount of the interest paid on the $100,000 loan. True False QUESTION 25 Life insurance proceeds received by a beneficiary at the death of the insured are taxable to the beneficiary. True

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