in the case of multiple beneficiaries of an annuity, the exclusion amount under

Question

in the case of multiple beneficiaries of an annuity, the exclusion amount under the simplified method is based on which of the following?

117405T Retirement Income Taxation Exam Question 22 of 25 Select the best answer In the case which of the following? of multiple beneficiaries of an annuity, the exclusion amount under the simplified method is based on O A. The age of the oldest beneficiary O B. The age of the youngest beneficiany O C. The average age of the beneficiaries O D. The taxpayer's choice of the age of one of the beneficiaries Submit Answers 97% Complete Exit & Resume Later Exam, Question Q 22

Explanation / Answer

The correct choice is A

Explanation : - Where payments are made to multiple beneficiaries, the excludable amount is based on the oldest beneficiary's age.

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