To Calculate the Taxable Portion of an Annuity Payment,a Taxpayer

question 107

Multiple Choice

To calculate the taxable portion of an annuity payment,a taxpayer must determine all of the following except:

• A)The cost of the annuity contract.
• B)The year in which annuity payments were first received.
• C)The expected return from the contract.
• D)The amount and frequency of occurrence of the stream of annuity payments.