Amara has an annuity and over time has recovered her entire investment but it continues to pay

Question:

Amara has an annuity and over time has recovered her entire investment but it continues to pay her $450 per month. Amara should recognize how much of each monthly payment as gross income?

a. $0

b. Some amount greater than $450

c. Some amount between $0 and $450

d. $450

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...

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