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At her death, Carol, who is single, has the following assets: ● $30200 car. ● $10200...

At her death, Carol, who is single, has the following assets: ● $30200 car. ● $10200 in collectible coins. ● $80700 403(b) retirement plan with a named beneficiary. ● $52000 term-life insurance policy with a named beneficiary. Based on this information, how much will pass under Carol’s will to her beneficiaries?

A. $30200.

B. $173100.

C. $40400.

D. $92400.

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Answer #1

Answer shall be (c) $ 40,400 as the term life insurance and retirement plan has their own named beneficiaries and can not be passed on under the will.

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