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Other Fields Homework Help Accounting Topic started by: Mandarini on Feb 15, 2017



Title: Four years ago, Roper transferred to his son ownership of a $100,000 life insurance policy that ...
Post by: Mandarini on Feb 15, 2017
Four years ago, Roper transferred to his son ownership of a $100,000 life insurance policy that Roper purchased on his own life in 2000. The cash value of the policy on the transfer date was $25,000. Roper died on March 1st of this year. The amount included in Roper's gross estate due to the life insurance policy is
A) $0.
B) $25,000.
C) $35,000.
D) $100,000.


Title: Re: Four years ago, Roper transferred to his son ownership of a $100,000 life insurance policy that ...
Post by: strwbrry on Feb 15, 2017
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