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22. Adam purchased a $150 , 000 variable annuity, naming his wife, Bernice, as annuitant and his children, Lisa and Scott, as joint beneficiaries. Who is responsible for paying taxes on the current accumulating values within the contract? a. Adam b. Bernice c. Lisa and Scott, jointly d. No current taxes are payable on the contract's accumulations. .

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22. Adam purchased a $150 , 000 variable annuity, naming his wife, Bernice, as annuitant and his children, Lisa and Scott, as joint beneficiaries. Who is responsible for paying taxes on the current accumulating values within the contract? a. Adam b. Bernice c. Lisa and Scott, jointly d. No current taxes are payable on the contract's accumulations.

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