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Lyrx [107]
3 years ago
11

"A customer invests $50,000 in a non-qualified variable annuity. Over the years, it has grown in value to $110,000. The customer

’s cost basis in the annuity contract is::"
Business
1 answer:
chubhunter [2.5K]3 years ago
8 0

Answer:

The customer's cost basis in the annuity contract is $50,000.

Explanation:

The customer's cost basis in the annuity contract is the initial payments or premiums made in an annuity amounting to $50,000.  This amount is usually taxed at the initial point.  This implies that the $110,000 which the annuity has accumulated to will no longer be taxed.  The customer will enjoy her lump sum and withdrawals undisturbed by the Internal Revenue Service.

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Why is a high-quality bond typically considered a lower-risk investment than a stock?
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3 years ago
Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and he is willin
Vlada [557]

Answer:

a) see attached image

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4 0
3 years ago
During her womanhood ceremony, Dasheena Cochise spends 4 days being tested and ultimately being renamed and remade as a member o
lara [203]

Answer:

The statement that is not true of this ceremony is:

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6 0
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Thompson company updates its inventory records perpetually. the company's records showed a beginning inventory of $600, cost of
Vinil7 [7]
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Hence, the answer to this item is the first choice. 
7 0
3 years ago
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