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Business, 15.11.2021 01:00 lauren21bunch

18. With regard to the taxation of an annuity's death benefit, which of the following statements is true?
O a. The beneficiary receives the death proceeds tax free.
ob. The beneficiary receives a step-up in basis.
oc. The full amount of the death benefit is taxable to the beneficiary.
od. The amount of the death benefit that exceeds the amount of invested principal is
taxable to the beneficiary.

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18. With regard to the taxation of an annuity's death benefit, which of the following statements i...

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