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jon bought a 150,000 10-year term annuity using a non-registered savings account. the annuityis to be treated as a prescribed annuity and earns 5% annually.

jon bought a 150,000 10-year term annuity using a non-registered savings account. the annuityis to be treated as a prescribed annuity and earns 5% annually. how much tax will jon have to pay on annual payments if the marginal tax rate on interest is 40% and the average tax rate is 30% and he has $80,000 of other pension income

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