Dana is an employee who deposits a percentage of her income into her individual annuity. Her company also contributes a percentage into a separate company pension plan. What kind of annuity is this considered?

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Dana is an employee who deposits a percentage of her income into her individual annuity. Her company also contributes a percentage into a separate company pension plan. What kind of annuity is this considered?

Options

a) Qualified retirement annuity
b) Key employee retirement annuity
c) Executive compensation plan
d) Keogh annuity plan

Answer: a) Qualified retirement annuity

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