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Beginning in January 2019, Falveta took monthly distributions of $1,000 from her annuity and was able to exclude $80 from each distribution using the Simplified
Beginning in January 2019, Falveta took monthly distributions of $1,000 from her annuity and was able to exclude $80 from each distribution using the Simplified Method. In January 2021, her distributions increased to $1,100. How much of each distribution will now be taxable? $912 $920 $1,012 $1,020
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