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A simplified annuity table: Age of Primary Annuitant on Number of the Annuity Starting Date Anticipated Payments 55 and under 360 56-60 310 61-65 260
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Mr. Kitten, age 72, will be receiving an annuity through his employer. His contribution to the annuity is $80,000. He is to receive $1,500 per month starting April 1 of the current year and continuing for life. Mr. Kittens reportable annuity income for the current year is
(a) $4,500
(b) $9,000
(c) $12,000
(d) $13,500
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