Question: Need a typed answer without wasting time. I need a typed answer as well as soon Bill purchased an annuitant-driven annuity for $100,000 and named

Need a typed answer without wasting time.

I need a typed answer as well as soon

Bill purchased an annuitant-driven annuity for $100,000 and named his wife, Sandra, the annuitant. He never took a distribution from the contract. He then died when the annuity cash value was $120,000. How much, if any, premature distribution tax penalty will be imposed on the payment to the 22-year-old beneficiary?

a. $0 b. $2,000 c. $10,000 d. $12,000

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