ULUI LAUMI 00:20 31 Test Id: 1404 Question ID: 58216 Question #21 of 25 Joanne owns a fixed deferred annuity contract with a 7-year surrender period, which she purchased at age 50 for $60,000. Now, five years later, she cashes in the contract for its $65,000 accumulated value. All of the following statements are correct EXCEPT OA) Joanne will pay a surrender charge to the insurer B) Joanne will pay ordinary income taxes on $5,000 OC) Joanne will pay capital gains taxes on $65,000 OD) Joanne will pay a $500 penalty to the IRS FINR Chan Pleas such versu Purch every OLNG Previous Check for Review purchased a GLC, the action of your 2 more compacted Pease contact an ammayor area Deterred income annuity contracts are nevoie have no caso do with C