Business, 14.10.2019 22:10 theuniicorntamer
Geoff purchased a life annuity for $4,800 that will provide him $100 monthly payments for as long as he lives. based on irs tables, geoff's life expectancy is 240 months. how much of the first $100 payment will george include in his gross income?
a. $100
b. $80
c. $48
d. $20
e. none of the above
Answers: 1
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