0. Taxpayer purchased an annuity from an insurance company that promised to pay her $1,750 per month for the rest of her life. Taxpayer paid $240,240 for the annuity and is 68 years of age. Determine the amount of the first payment Taxpayer must include in gross income. a. 660 d. 1,137.50 b. 612.50 e. 1,090 c. 1,750