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0 Required information The following information applies to the questions displayed below] Anne purchased an annuity from an insurance company that promised to pay her

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0 Required information The following information applies to the questions displayed below] Anne purchased an annuity from an insurance company that promised to pay her $13,000 per year for the next 10 years. Anne paid $102,050 for the annuity, and in exchange she will receive $130,000 over the term of the annuity a. How much of the first $13,000 payment should Anne include in gross income? (Do not round intermediate calculations.) Amount to be included Required information The following information applies to the questions displayed below Anne purchased an annuity from an insurance company that promised to pay her $13,000 per year for the next 10 years. Anne paid $102,050 for the annuity, and in exchange she will receive $130,000 over the term of the annuity b. How much income will Anne recognize over the term of the annuity? income

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