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Business, 22.12.2020 03:20 dustinchang49

George purchased a life annuity for $5,200 that will provide him $80 monthly payments for as long as he lives. Based on IRS tables, George's life expectancy is 100 months. How much of the first $80 payment will George exclude from his gross income?

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George purchased a life annuity for $5,200 that will provide him $80 monthly payments for as long as...
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