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Martha purchased a 10-year annuity for $96,000 late in the current year. The annuity will pay them $4,000 per month for ten years starting on

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Martha purchased a 10-year annuity for $96,000 late in the current year. The annuity will pay them $4,000 per month for ten years starting on September 1 of the current year. How much of the $16,000 received this year will be taxable? $12,800 $16,000 $0 $3,200

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