When an annuitant receives liquidation payments part of the, Financial Management

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When an annuitant receives liquidation payments part of the

When an annuitant receives liquidation payments, part of the payment is a return of principal and is thus exempt from Federal Income tax. The tax-exempt portion of the payment is calculated using the

a. Combined ratio

b. Refund ratio

c. Vested ratio

d. Exclusion ratio

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Financial Management: When an annuitant receives liquidation payments part of the

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Financial Management: When an annuitant receives liquidation payments part of the

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