Examlex
Which of the following statements is (are) true regarding the taxation of distributions from individual annuities?
I.Individual annuity distributions are never taxable.
II.Once the annuitant has recovered the premiums he or she paid for the annuity,the entire annuity distribution is taxable.
New Shares
Shares that are issued by a company for the first time to the public, typically through an initial public offering (IPO) to raise capital.
Indirectly Borrowing
Obtaining funds through an intermediary, such as by taking out a loan through a bank, rather than directly from a lender.
Bonds
Bonds are fixed-income securities that represent a loan made by an investor to a borrower, typically corporate or governmental, which pays periodic interest payments and repays the principal at maturity.
Financial Intermediaries
Institutions that facilitate the channeling of funds between lenders and borrowers.
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