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?

George will receive $1200

first $100 payment which will included in his gross income.

Step-by-step explanation:

His gross income will be $100 per months multiple by 12months which will be his first $100 payment.

$100× 12=$1200

d is the correct answer

step-by-step explanation:

x= 8 because 3x = 3 * 8, and 3*8 = 24

college