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Your 66-year-old customer invested $35,000 in a nonqualified variable annuity. it now has a value of $55,000, and your customer wishes to make a random withdrawal of $30,000.
what is the tax liability that results if the customer is in the 28% tax bracket?
a) $8,400.b) $0.c) $2,800.d) $5,600
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Your 66-year-old customer invested $35,000 in a nonqualified variable annuity. it now has a value of...
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