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If you have Life insurance and die and owe state taxes and federal taxes do they take there money first or is that debit wiped out?
Wiki User
∙ 14y ago
Yes , because there is an inheritance tax ; check with a lawyer for more precise information .
Wiki User
∙ 14y ago
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How much money can you deposit in the federal deposit insurance corporation?
None
Which of the following savings plan is not covered by federal deposit insurance?
money market
Can you take money from your debit card?
Yes as long as you have the money in the account connected to the debit card.
When you add money to your bank account is it debit or credit?
It's a credit. When you take money out - it's a debit.
What exactly is a fdic insurance?
FDIC stands for Federal Deposit Insurance Corporation. Fdic insurance allows you to be covered and not lose any money when having a deposit account if your financial institution fails.
What does it mean to debit policies in the insurance industry?
to deduct money from the payable amount of the policy
How much money can you deposit in the federal deposit insurance corporation?
None
What federal corporation that insures money deposited in member banks called?
Federal Deposit Insurance Corporation, FDIC
Which of the following savings plan is not covered by federal deposit insurance?
money market
Is expense debit or credit?
If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.
Can you take money from your debit card?
Yes as long as you have the money in the account connected to the debit card.
Where is money sent after its made?
When money is minted, the first place it goes is the Federal Reserve. The Federal Reserve is like the ultimate lender. All banks get their money from the Federal Reserve.
Is utilities expensive debit or credit?
If revenue (income of money) is a credit, then an expense (outflow of money) is a debit.
When you add money to your bank account is it debit or credit?
It's a credit. When you take money out - it's a debit.
X lent to y three sums of rs100 rs200 and rs500 y sent a sum of rs100 asking x to appropriate this money towards the third debt of rs500 x wants to appropriate this money to the first loan can he doso?
Dear friend, Every debit should have a corresponding credit as per accounting rule. Hence as per your question the first debit will be appropriated with the first credit.So the credit of Rs100 will be of write off against first debit of Rs100 not against third debit.
What is the primary difference between a credit card and debit card?
credit mean were you take money debit is what you give money
What is the primary difference between a credit card and a debit card?
credit mean were you take money debit is what you give money
