Jack purchased a $200,000 whole life insurance policy and designated his wife, Judy, as the beneficiary. Several years later, Jack surrendered the policy for the lump-sum cash value of $100,000. Jack had paid gross premiums of $90,000 and had received dividends of $20,000. Required:
What are the tax consequences to Jack upon receipt of the cash surrender proceeds from the policy?

Bakery has bought 250 pounds of muffin dough. they want to make waffles or muffins in half-dozen packs out of it. half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. it take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. how many of each should they make to maximize profit, if they have just 20 hours to do everything?

In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e. g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000

1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.