Over the years Rianna paid $65,000 in premiums on a life insurance policy with a face value of $100,000. Upon reaching 65, while still in good health, Rianna surrendered the policy and collected $95,000. In the year of collection, Rianna will report

Respuesta :

Answer: $30,000 of taxable income

Explanation:

Rianna will pay $30,000 of taxable income.