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Augustus1 Augustus1
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Posts: 1894
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5 years ago
Natasha, age 58, purchases an annuity for $40,000. Natasha will receive $400 per month for the rest of her life. The expected return multiple is 20.0. At age 65, the amount that Natasha may exclude from income is:
A) $0.
B) $2,000.
C) $2,800.
D) $4,000.
Textbook 

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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MsLippyMsLippy
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5 years ago
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More questions for this book are available here
B
Here's why: ($40,000/$96,000) × $4,800 = $2,000.
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wrote...
4 years ago
I'm forever indebted to you!

THANKS
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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