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An annuitant pays $60,000 for a pure or straight life annuity whose annual payments are $6,000. The annuitant has a life expectancy of 16 years.

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An annuitant pays $60,000 for a pure or straight life annuity whose annual payments are $6,000. The annuitant has a life expectancy of 16 years. How much of the $6,000 annual payment is includible annually in the annuitant's gross income? C A. $1,368 B. $1,750 C C. $2,250 C D. $2,634

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