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exas Annuity 8-Hour CE Course, 3rd Edition Certification Exam Texas Annuity 8-Hour CE...

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exas Annuity 8-Hour CE Course, 3rd Edition Certification Exam
Texas Annuity 8-Hour CE Course, 3rd Edition Certification Exam
Question #22 of 50
During the accumulation period, how is the interest credited to an annuity generally taxed in regard to its owner, if the owner is an individual?
A) It is tax-deferred and excluded from current taxation
B) Treated as tax losses
C) Taxed as capital gains
D) Taxed as ordinary income
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