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What Is an Annuity? How Is Annuity Income Taxed

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What is an annuity? How is annuity income taxed?


Definitions:

Digestive System

A complex bodily system comprising the gastrointestinal tract and accessory organs like the liver and pancreas, essential for processing food and absorbing nutrients.

Socioeconomic Factors

The social and economic experiences and realities that shape an individual's or group's behavior, attitudes, and opportunities.

Ethnic Minorities

Groups within a larger community that have different national, religious, linguistic, or cultural traditions from the majority population.

European Americans

Individuals in the United States who trace their ancestry to Europe.

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