Unlike the dividend itself, the interest earned on dividends is
Unlike the dividend itself, the interest earned on dividends is
a. 40% taxable, similar to a capital gain
b. taxable
c. nontaxable
d. tax deductible
Answer: b
An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?
An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay? a) $0 b) $30,000 c) $32,000 d) $40,000 Answer: B