Are you having trouble answering the question “Payments received by the owner of a tax qualified variable annuity are:”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
Payments received by the owner of a tax qualified variable annuity are:
A. 100% taxable as investment income
B. only taxable to the extent of earnings above the holder’s cost basis
C. only taxable to the extent of the holder’s cost basis
D. non-taxable
Answer: A.
You should now have gotten the answer to your question “Payments received by the owner of a tax qualified variable annuity are:”, which was part of Insurance MCQs & Answers. Thanks for choosing us.
