tax

Taxpayer purchased an annuity from an insurance company that promised to pay her $2,200 per month for the rest of her life. Taxpayer paid $310.464 for the annuity and is 69 years of age. Determine the amount of the first payment Taxpayer must include in gross income. Type your answer.. Previous Next 11 1 point During the tax year, Taxpayer, who is single and whose AG is $80,000 paid the following expenditures. This year, taxpayer also received a reimbursement from his health insurance provider of $1,250. Determine the amount of medical expenses that Taxpayer will include in his itemized deductions after any applicable limitations. Health insurance premiums Doctors and hospitals Prescriptions Over-the-counter cold and headache medicines $7,500 $2,250 $500 $45 Type your answer. Previous Next