Which of the Following Statements About Annuity Contracts Is True

question 56

Multiple Choice

Which of the following statements about annuity contracts is true?

• A) Annuity contracts provide a fixed income stream.
• B) Payments received from an annuity contract are tax-exempt.
• C) Payments received from an annuity contract are fully taxable as ordinary income.
• D) Payments received from an annuity contract are fully taxable as capital gain.

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Definitions:

Signaling Molecule

Chemicals that transport information between cells in the body to coordinate responses.

Scaffold Proteins

Proteins that organize groups of intracellular signaling molecules into signaling complexes.

Integrins

Transmembrane receptors that facilitate cell-extracellular matrix adhesion.

Ras Proteins

A group of small G proteins, named by their discovery in rat sarcoma cancer cells; important in many signaling pathways.