Risk management and insurance / answer questions in a word document / need it within 24 hours

Chapter 14 : Application Questions 1, 2, 3 and 4 on page 305       Although twain instant and capricious annuities can furnish stock proceeds to annuitants, they be-unlike in material ways. Compare and contrariety (1) an instant annuity delay (2) a capricious annuity delay reference to each of the following:   Determining how the premiums are invested   Stability of proceeds payments following recess   Death benefits if the annuitant dies precedently recess   A unroving complicated annuity and a capricious annuity are twain resembling and be-unlikeent in numerous references.   Explain the main resemblingities betwixt an unroving- complicated annuity and a capricious annuity.   Identify the main be-unlikeences betwixt a unroving complicated annuity and a capricious annuity.   Mario, age 65, purchased an instant annuity for $120,000 that pays a stock monthly proceeds of $1,000. The annuity has no revert indication. Based on the IRS actuarial table, Mario has a personality trust of 20 years. If Mario receives 12 monthly payments of $1,000 the highest year, how considerable taxable proceeds must he ment on his tax revert?   Travis, age 25, graduated from academy and obtained a situation as a tax accountant. He is ordinary to join-in in his employer’s recess artfulness for one year. a. Assume that Travis has a starting allowance of$60,000 for 2018 and does not join-in in the employer’s recess artfulness. Is Travis worthy to demonstrate a transmitted tax-deductible IRA? Explain your vindication. b. Assume the similar grounds in (a). Is Travis worthy to demonstrate a Roth IRA? Explain your vindication.