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QUESTION 13 Pedro is single, 65 years old, and retired. Many years ago he purchased a single-premium deferred annuity for $75,600 using after-tax funds. This

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QUESTION 13 Pedro is single, 65 years old, and retired. Many years ago he purchased a single-premium deferred annuity for $75,600 using after-tax funds. This year on June 1 Pedro started receiving annuity payments of $500 per month. He will receive $500 each month for a total of 216 months (18 years). Using the Section 72 annuity rules, calculate Pedro's taxable income from the annuity for the current year. SHOW WORK FOR PARTIAL CREDIT. TT T Arial 3 (12pt) T.EE

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