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Lee purchased an immediate annuity from ABC Life Insurance Company for a $75,000 sing premium. The annuity payments will be $1,000 per month. Lee's life

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Lee purchased an immediate annuity from ABC Life Insurance Company for a $75,000 sing premium. The annuity payments will be $1,000 per month. Lee's life expectancy is 8 years receives 12 monthly payments next year, how much of that income will be taxable? O $2,625 O $12,000 0 $9,375 O $96,000

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