exas Annuity $8-$Hour CE Course, $3$rd Edition Certification Exam

Texas Annuity $8-$Hour CE Course, $3$rd Edition Certification Exam

Question #$22$ of $50$

During the accumulation period, how is the interest credited to an annuity generally taxed in regard to its owner, if the owner is an individual?

A$)$ It is tax$-$deferred and excluded from current taxation

B$)$ Treated as tax losses

C$)$ Taxed as capital gains

D$)$ Taxed as ordinary income

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