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Arnold purchased an annuity for $190,000 that provides monthly payments of $2,700 for 14 years, starting when he is age 68 . What amount of each payment is excluded from his gross income? None of the choices are correct $1,569 $1,800 $900 $1,131 Dr. Lopez purchased 40 shares of ABC Co. for $58 per share on April 1, 2012. On March 28,2022 , she decides to sell all of the shares for $45. On April 13, 2022, Dr. Lopez realized she made a mistake and purchased 50 shares of ABC Co. for $40 per share. What is her realized gain or loss on the sale and her basis in the 50 shares of ABC Co. that she purchased on April 13 ? ($520) realized loss: $1,080 basis ($520) realized loss; $2,120 basis None of the choices are correct $0 realized gain or loss: $2,120 basis $0 realized gain or loss: $1,600 basis