Jenny invested $50,000 in her annuity, and the value of the annuity when she annuitized the contract was $500,000. At the time that Jenny annuitized the contract, her life expectancy was 10 years. However, Jenny lived past her life expectancy after annuitizing the contract. If, in year 12 after annuitization, Jenny received $40,000 from her annuity, she would owe taxes on OA) $40,000 OB) $5,000 OC) $25,000 OD) $35,000