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2. Mia invested $100,000 into a nonqualified annuity. Now she has decided to annuitize it. She will receive $1,000 per month as a straight-life annuity.

2. Mia invested $100,000 into a nonqualified annuity. Now she has decided to annuitize it. She will receive $1,000 per month as a straight-life annuity. At her age her life expectancy is 19.0 years. How much of her monthly benefit is subject to income tax this year? (5 pts.)

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