To the Annuity Holder,annuity Payments Are

question 12

Multiple Choice

To the annuity holder,annuity payments are:

• A)Fully includable in gross income.
• B)Similar to life insurance proceeds in that they are excluded from gross income.
• C)First considered to be a tax-free return of the original purchase price.
• D)In part a return of the original purchase price and in part taxable income.
• E)Revised any time the life expectancy of the annuitant changes.

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Definitions:

Speaker Attack

A form of criticism or assault directed towards the person speaking, rather than addressing the argument itself.

Argumentum Ad Hominem

A fallacy in which an argument is rebutted by attacking the character, motive, or other attributes of the person making the argument, rather than addressing the substance of the argument itself.

Argumentum from Authority

A form of argument where something is declared true because it is backed by someone regarded as an authority on the matter.

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A professional or organization that offers services for the diagnosis, treatment, and prevention of illness or injury.