A 62-year old client makes her first withdrawal from a non-tax qualified annuity. This will result in:



ordinary income taxed at ordinary income tax rates that is not subject to a penalty

Explanation:

Annuity is simply said to be contract that is drawn that helps in the provision of income for a number or specified period of years. It seek to protects a person from outliving his/ her money. It is not a life insurance but rather a tool or a vehicle for the accumulation or gathering of money and the liquidation of an estate. There are Fixed annuities, equity indexed annuities, and variable annuities.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are: