Tran has $225.43 left in his FSA. If he does not use the money within the next two months, he will lose it. He decides to buy prescription sunglasses for $178.27 and stock up on over-the-counter medication for $33.67. How much money, if any, will he forfeit?
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Tran has $225.43 left in his FSA. If he does not use the money within the next two months, he will lose it. He decides to buy prescription sunglasses for $178.27 and stock up on over-the-counter medication for $33.67. How much money, if any, will he forfeit?
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- Jan Guerra lends $9000 to her second cousin using a 180-day 10% simple interest note that was signed on October 30. Guerra subsequently has a car accident and desperately needs money, so she sells the note at a discount of 15% on January 3 to an investor. Find (a) the discount, (b) the proceeds, and (c) the amount of money Guerra gains or loses.As a result of a cancer diagnosis in early 2023, Laura has begun chemotherapy treatments. A cancer specialist has stated that Laura has less than one year to live. She has incurred many medical bills and other general living expenses and is in need of cash. So she is considering selling stock that cost $35,000 and has a fair market value of $50,000. This amount would be sufficient to pay her medical bills. However, she has read about a company (the Vital Benefits Company) that would purchase her life insurance policy for $50,000. She has paid $30,000 in premiums on the policy. Question Content Area a. Considering only the tax effects, would selling the stock or selling the life insurance policy result in more beneficial tax treatment? Assume Laura is diagnosed as “terminally ill". The sale of the stock by Laura will result in of $fill in the blank f5c4d1fb0fa9ffa_2. The sale of the life insurance policy will result in gain of $fill in the blank f5c4d1fb0fa9ffa_4.…Steven buys a disability policy with a $6,800 per-month benefit and a $1,565 per-month Social Security Rider. He finds out his Social Security monthly benefit will be $1,360 once the elimination period is over. How much will his disability policy pay him the eighth month of his disability?
