This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Under an equity-indexed annuity, what name is given to the percentage increase in the stock index ... (Read 93 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jul 11, 2018
Under an equity-indexed annuity, what name is given to the percentage increase in the stock index that is credited to the contract?
 
  A) the expense rate
  B) the exclusion ratio
  C) the indexing method
  D) the participation rate

Question 2

Which of the following statements regarding the taxation of individual annuities is (are) true?
 
  I. The exclusion ratio is the percentage of the annuity income that is taxable.
  II. After the net cost of the annuity has been paid to the annuitant, the total annuity payment is taxable.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: B


kfurse

  • Member
  • Posts: 590
Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Example of Index entry with Main Term and indented subterms. Example of Index entry with Main Term and indented subterms.
The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn? The Gender Pay Gap Over Time: What Percentage of Men's Income Do Women Earn?
A high-performance aftermarket air filter often can increase airflow into the engine for more ... A high-performance aftermarket air filter often can increase airflow into the engine for more ...
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Percentage & Molarity Percentage & Molarity
Percentage of Full Tryptophan Expression for trpR+ and trpR- Strains Percentage of Full Tryptophan Expression for trpR+ and trpR- Strains
Video: Hormonal regulation of blood pressure - RAA system

For a complete list of videos, visit our video library