Which of the following is NOT considered a cost associated with an individual's death?

The correct answer is that business expenses are not typically considered a cost associated with an individual's death. Funeral expenses, estate taxes, and medical bills directly relate to the financial burdens that arise at the time of a person's passing.

Funeral expenses cover the costs associated with burial or cremation and services needed to honor the deceased. Estate taxes are levied by the government on the deceased's estate, generating significant expenses that the heirs must pay. Medical bills may also accumulate prior to death, especially if the individual had a prolonged illness, making them a direct financial consequence of the individual's passing.

In contrast, business expenses may relate to the operations of a business that the deceased owned but are not inherently tied to the process of death itself. These expenses can continue to exist and be incurred irrespective of an individual's death, making them less relevant to the direct financial implications that arise as a consequence of death.