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Sam invested $150,000 in an annuity contract a number of years back. Sam decided to annuitize his contract, with the annuity company agreeing to pay
Sam invested $150,000 in an annuity contract a number of years back. Sam decided to annuitize his contract, with the annuity company agreeing to pay him $833.33 per month for 20 years. Assuming that Sam receives six payments this year, how much can Henry exclude from his gross income this year. Group of answer choices $1,249.99 $3,333.31 $3,749.98 $4,164.64
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