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Kyle is receiving annuity payments of $200 each month. Of that amount, $150 is considered a return of a portion of his cost and $50
Kyle is receiving annuity payments of $200 each month. Of that amount, $150 is considered a return of a portion of his cost and $50 is considered a portion of his gain in the contract. How much of each payment is currently taxable to Kyle as income? A) $150 B) $50 C) $0 D) $200
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