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A buys an annuity for $50000. Over the life of the annuity, A expects to earn $10000. In the first year A receives $6000 from

A buys an annuity for $50000. Over the life of the annuity, A expects to earn $10000. In the first year A receives $6000 from the annuity. How much is taxable? Please show your work, since I would like a detailed explanation. Thanks

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