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An annuity was purchased for $90,000 in post-tax dollars on October 1, 2017. It is effective immediately and pays $500 a month until death. On

An annuity was purchased for $90,000 in post-tax dollars on October 1, 2017. It is effective immediately and pays $500 a month until death. On the date of the purchase, the purchasers’ life expectancy was 25 years. How much of the purchasers 2017 annuity payment should be included in his gross income for 2017?

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