ved Help Save & Exit Sub An individual who is eligible to be claimed as a dependent on another's return and has $1,000 of earned income may claim a standard deduction of $1,350. True or False True False Saved Help Save & EX On March 1, 2019 George purchased a life annuity for $12,000 that will provide him $200 monthly payments for eight years. The first payment was received on April 1, 2019. How much income related to this annuity will George include in his 2019 gross income