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George purchased a life annuity for 6 , 2 0 0 that will provide him $ 1 5 5 monthly payments for as long as

George purchased a life annuity for

6, 200

that will provide him $

155

monthly payments for as long as he lives. Based on IRS tables, georges life expectancy is

100

months. How much of the first $

155

payment will George include in his gross income?

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