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elena-s [515]
3 years ago
12

An individual has been making periodic premium payments on an annuity. The annuity income payments are scheduled to begin after

1 year since the annuity was purchased. What type of annuity is it
Business
1 answer:
3241004551 [841]3 years ago
5 0

Answer: Deferred

Explanation:

The deffered is one of the type of annuity that helps in making the various types of insurance related contracts for the purpose of long time savings.

A deferred annuity is one of the type of contract where they pay some amount of their profit to the owner on the regular basis and it also used by various types of investors for profit purpose.

According to the question, the deffered annuity is making the various types of periodic payments that helps in scheduling the annuity after one year. Therefore, Deferred is the correct answer.

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Answer:

A

Explanation:

he would be better suited for the position going off his degree

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Bud exchanges land with an adjusted basis of $ 22,000 and a fair market value of $ 30,000 for another parcel of land with a fair
erastovalidia [21]

Given :

Bud exchanges land with an adjusted basis of $ 22,000 and a fair market value of $ 30,000 for another parcel of land with a fair market value of $ 28,000 and $2,000 cash.

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Solution :

This is a transaction of like kind exchange.

So, gain or loss to be recognized is :

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3 years ago
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4 years ago
parking lot charges $5.00 for the first two hours of parking and $0.75 for each additional half hour or part thereof. Of Sam par
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Answer:

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Explanation:

Given;

Charge for first 2 hours = $5.00 and

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= $10 + $4.50

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Sam paid $14.50 for parking.

7 0
3 years ago
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