Which of the Following Statements Is Incorrect

question 9

Multiple Choice

Which of the following statements is incorrect?

• A)An annuity is a series of payments under a contract.
• B)Annuity payments are fixed in amount.
• C)Annuity payments may be for a specified period of time or for the life of the contract holder.
• D)The proportional amount of an annuity payment that is attributable to the cost of the contract is tax-free.

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Definitions:

Bishop Maximianus

A historical figure, often associated with Ravenna in Italy, known for his contributions to Christian art and architecture during the 6th century.

Naming Inscription

An inscription on an artifact, building, or monument that names the maker, sponsor, or purpose of the item, often used for dedication or commemoration.

Theotokos

is a title used in Christianity, particularly in Eastern Orthodoxy, referring to the Virgin Mary as the Mother of God, emphasizing her role in Christ's conception.

Empress Zoe

A Byzantine empress of the 11th century known for her political influence and succession of husbands to maintain power.