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What would be taxable income for kimberly-anne stevenson

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Reference no: EM132829842

Problem 1: Kimberly-Anne Stevenson has a universal life insurance policy with a cash surrender value of $ 92,000. If the the ACB of the policy is $ 62,300 and she surrenders the policy for the CSV, what would be her taxable income?

Reference no: EM132829842

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