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Gregory purchased an annuity policy for $ 1 5 0 , 0 0 0 that will pay him $ 1 2 , 0 0 0

Gregory purchased an annuity policy for $150,000 that will pay him $12,000 per year for 20 years, beginning on January 1,2024. How much of each annuity payment is included in Gregory's gross income annually?

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