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determine the amount of annuity payments that should be included in his gross income in 2013 Sam Burns purchased an annuity contract for $21,000. The

determine the amount of annuity payments that should be included in his gross income in 2013
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Sam Burns purchased an annuity contract for $21,000. The annuity will pay him $175 per month beginning on August 15, 2013. Sam is 59. Determine the amount of annuity payments that should be included in his gross income in 2013. The annuity multiple is 25.0 (from table)

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