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Darla purchased an annuity from Lipton Life Insurance Company. She invested $80,000 into this annuity. The terms of the annuity is that Darla will receive
Darla purchased an annuity from Lipton Life Insurance Company. She invested $80,000 into this annuity. The terms of the annuity is that Darla will receive $7,000 annuity payments for the next 12 years. How much of each $7,000 MUST Darla include into her gross income each year? Round to the nearest whole dollar. Multiple Choice O $5,667 O $6,667 O $7,000 O None of the above
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