I think it’s C, please forgive me if I’m wrong
The right answer is community settings :D
Answer:
a. The withdrawal is fully taxable.
Explanation:
When withdrawing from annuity before the age of 59.5, the amount is taxable as income. There will also be a 10% tax penalty, and there may be a surrender charge by the insurance company.
Lorraine was 53 when the withdrawal was made, so she will be affected by these charges.
It is advisable to not make withdrawals till after the accumulation phase and above 59.5 years old. Then these penalties will not apply, onlybthe income tax on the withdrawal.

Insurance is an important aspect of risk management in business. Insurance is related to successful financial management because when a business is insured, it can weather times of loss and unforeseen occurrences without losing its strength. Insurance is important because it helps businesses to mitigate loss.
- Insurance is an aspect of risk management in business where a policyholder pays an agreed sum to the insurer, with the intent of lightening any unforeseen losses they may encounter in the future.
- Insurance is important because businesses come with risks that could be sudden and unexpected.
- The pool of funds generated by the insurance company from other insurers will be used to attenuate the loss that the business will face.
- Conclusively, if businesses will thrive for a long time, insurance is very beneficial.
Learn more here:
brainly.com/question/13769098

Answer: A. Less than net realizable value minus a normal profit margin.
Explanation:
LCM stands for lower of cost or market. According to certain accounting principles which you follow, the rule states that you must identify your inventory amount either lower of its replacement cost or its historical cost (cost at the time of purchase).
Therefore, Lower of cost cannot be less than net realizable value which is the NRV which takes into account impairments (loss to the inventory due to being idle) minus a normal profit margin.