Marie’s father died on July 17, 2022 leaving her the sole beneficiary of his life insurance policy. On November 12, 2022, Marie received the $250,000 lump-sum death benefit from the policy and $225 in interest income on the proceeds. What is the taxable income Marie should report for 2022?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Marie’s father died on July 17, 2022 leaving her the sole beneficiary of his life insurance policy. On November 12, 2022, Marie received the $250,000 lump-sum death benefit from the policy and $225 in interest income on the proceeds. What is the taxable income Marie should report for 2022?
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