1. Taxpayer (T) a 59 year-old calendar year individual taxpayer purchased an annuity from an insurance company for $100,000 in 2019. The terms of the annuity were that the company would pay T $5,000 a year to T for the rest of Ts life. How much income will T include in Ts personal income tax return as a result of receiving the $5,000 payment

in 2020? _____________

In 2050? ______________