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What amount must David, single filing status, is a retired CFO who received $200,000 in pension payments, $20,000 of Social Security benefits, and a $40,000
- What amount must David, single filing status, is a retired CFO who received $200,000 in pension payments, $20,000 of Social Security benefits, and a $40,000 annual annuity payment. David purchased the 10-year annuity 5 years ago at a cost of $300,000. Determine David's taxable gross income.
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