21 May WHAT AMOUNT MUST SHE INCLUDE IN HER GROSS INCOME?
■ Age 35
■ Attorney for International Shipping Co.
■ Earns $75,000 annually
■ In good health Julie
■ Age 32
■ Administrative assistant for Action Staffing Resources
■ Earns $35,000 annually
■ In good health Frank and
Julie
■ Have been married for four years
■ Have one child, Robert, age 4
■ Would like to have another child within two years
■ Medium-to-high risk tolerance
■ Are not confident that Social Security will provide them with an adequate income upon retirement
■ Contribute to their alma mater’s alumni fund
■ Travel annually on missionary trips to underprivileged countries Robert
Robert attends a day care center while his parents are at work. He has also done some television commercials for Fancy Pants, a high-end baby clothing company. Frank and Julie would like to send Robert to a state university upon graduation from high school. They would like to start saving for this expense within the next five years. Paul and Rose Golden Frank’s parents, Paul, age 58, and Rose, age 55, are both in good health. They plan to contribute to Robert’s education and the college education of any other children that Frank and Julie may have in the future. They are financially secure and have adequate insurance coverage.
Harry and Alice Rich Julie’s father, Harry, age 68, was diagnosed with Alzheimer’s disease two years ago. He is confined to a nursing home. Alice, Julie’s mother, is 60 years old and is in good health.
Goals and Objectives
■ Retire in 20 years with retirement income equal to 80% of preretirement income
■ Begin an education fund for Robert (and any other children) within the next five years
■ Have enough life insurance upon the death of either Frank or Julie so that the mortgage is paid off, an adequate emergency fund is created, and the surviving spouse has $250,000 for any needs of the children
Frank and Julie have asked you to review both their insurance protection and overall financial situation.
Question 1. Assume Frank dies of a heart attack, and Julie receives the death benefits from his life insurance policies in one lump sum. What amount must she include in her gross income?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.