A payer must request from any U.S. person (or resident alien) that he or she complete Form W-9 to certify that all following are true EXCEPT:

a. the taxpayer indentification number is correct

b. the taxpayer is subject to backup withholding

c. the taxpayer is exempt from backup withholding if a U.S. exempt payee

d. the taxpayer is not subject to backup withholding

Which of the following statements is INCORRECT?

a. An annuity is a series of payments pursuant to a contract

b. A payment to a beneficiary from pension plan is called a distribution.

c. Contributions to a pension plan can only be made by the beneficiary

d. With a qualified pension plan, earnings on plan assets are not taxed in the year end.