The purpose of the exclusion ratio is to?
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The purpose of the exclusion ratio is to?
A) allocate principal and interest, so to properly determine taxable and non-taxable amounts that are paid to annuitants.
B) allocate principal and interest, so to properly determine federal estate tax.
C) allocate principal and interest, so to properly determine death benefits amounts.
D) allocate principal and interest, so to properly determine cash value amounts.
Answer: A) allocate principal and interest, so to properly determine taxable and non-taxable amounts that are paid to annuitants.
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