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Taxpayer is 55 years old. a. Based on the life expectancy tables, what is his life expectancy?b. If he purchased an annuity for $100,000 and

Taxpayer is 55 years old. a. Based on the life expectancy tables, what is his life expectancy?b. If he purchased an annuity for $100,000 and the annuity company agreed to pay him $5,000 each year for the remainder of his life, what are the tax consequences to Taxpayer?

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