Jenavie purchased an annuity for $50,000 that will pay her $1000 per month for life beginning at age 65. Jenavie's life expectancy at age 65 is 20 years. Jenavie is 88 years old this year. How much of her annuity is taxable this year? Select one: a. $12,000 b. $0 c. $3000 d. $9000 A thief stole Wayne's stamp collection. Which of the following is true? Select one: a. If Wayne was in the business of selling stamps, he gets a deduction FOR AGI for the theft. b. If the stamp collection was Wayne's hobby he recevies an itemized deduction for a casualty loss c. A theft is not deductible d. If the stamp collection was held as investment, he gets no deduction for the casualty loss. e. None of the choices are correct