Crtive890 Crtive890

14-11-2022
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A teacher recently retired at age 63 and has a tax sheltered annuity (TSA). Periodic deposits total $120,000 and the value of the contract is now worth $200,000. How much is taxed if the current value is surrendered today?
a. $200,000
b. $80,000
c. $120,000
d. $0

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