Bảo hiểm nhân thọ nhóm & Niên kimCâu 695 / 716
Once an annuitant has lived long enough to recover the entire cost basis through the exclusion ratio, subsequent payments are:
a.Taxed as a long-term capital gain
b.Entirely tax-free as recovered basis
c.Refunded to the annuitant as overpaid
d.Fully taxable as ordinary income
Giải thích
After the basis is fully recovered, there is nothing left to exclude, so all further payments are fully taxable as ordinary income. The payments are not tax-free, capital gains, or refunded.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- The 'actively-at-work' provision in group insurance requires that, for coverage to take effect, the employee must:
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- The exclusion ratio for an annuity payout is calculated as the:
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- Many deferred annuities include a free withdrawal provision allowing the owner to withdraw, without a surrender charge, up to:
- A withdrawal of taxable gain from a nonqualified annuity before age 59 1/2 is generally subject to:
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Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)