In 2021, Taxpayer, who is 71 years old, purchased an annuity that immediately begins to pay her $2,100 per month for the rest of her life by paying a premium of $250,614. Determine the amount of the first monthly annuity payment that Taxpayer must include in gross income. 

11.) 

a.) $1,831 

b.) $1,365 

c.) $269 

d.) $735 

(e. $0 

f.) $2,100

 

EXHIBIT 5-1 Table for Expected Return Multiple for Ordinary Single-Life Annuity Age at Annuity Starting Date Expected Return Multiple 17.6 16.8 68 69 70 71 72 16.0 15.3 14.6