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In 2017 Taylor purchased an annuity for $150,000. The annuity is to pay him $2,500 per month for the rest of his life. His life

In 2017 Taylor purchased an annuity for $150,000. The annuity is to pay him $2,500 per month for the rest of his life. His life expectancy is 110 months. For each 2500 payment he receives in the first year, how much must be included/recognized in income?

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