1. John purchased an annuity from AAA Insurance Co. in 2011 when he was 50 years old. John paid 33 32,400 for the annuity. The annuity will start paying John $ 800 per month starting on 7/1/21 when John turns age 60. Payments are for a 15- year xed period. a. How much gross income will John report from this annuity in 2021? 2. Ten year ago, Mary purchased a Life Annuity that will pay her '3 9,000 per year ($ 750 per month) starting at age 68. The cost of the annuity is $ 47,520. a. How much gross income will Mary report in 2021 when she turns age 68 and starts receiving payments on 1/1/2021)? b. How much gross income will Mary report as gross income in 2041? 3. Mary is single, age 40 and received a $ 1,250 reimbursement from her medical insurance company in 2021. Determine how much gross income (if any) Mary will recognize under the following situations: a. The reimbursement was for 2021 medical bills that Mary paid in 2021