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Kevin is 68 years old and retired. This year Kevin won $212,200 in the state lottery. Kevin also received $20,000 from an annuity he purchased
Kevin is 68 years old and retired. This year Kevin won $212,200 in the state lottery. Kevin also received $20,000 from an annuity he purchased eight years ago. He purchased the annuity, to be paid annually for 15 years, for $157,500. He also received compensatory damages of $25,000 from a lawsuit against an insurance company for a car accident. Kevin received $10,000 in Social Security benefits for the year. Calculate Kevin's gross income
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