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Sally buys an annuity for $75,000 on 1/1/2020 for her 30th birthday. The annuity will start payments when she is 65 (1/1/2055). The annuity will

Sally buys an annuity for $75,000 on 1/1/2020 for her 30th birthday. The annuity will start payments when she is 65 (1/1/2055). The annuity will pay her $750 per month as long as she is alive. [The appropriate number from the table is 18.2.

A. What does she include in her 2060 tax return as taxable income because of the annuity?

B. What is her gross income on 2090 return when she is 100?

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