Chapter 18
a. life annuity. b. joint and survivor annuity. c. period-certain annuity. lump sum distribution. Chapter 8, p. 76. 3. What percentage of each annuity payment will normally be considered taxable income to a plan participant who has no cost basis in the plan? a. 25%. b. 50%. c. 75%. d. 100% . Chapter 8, p. 78 4. ................
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