Harold receives a life annuity from his qualified pension that pays him $5,000 remainder of his cost of the annuity. Which of the following correctly describes how the annuity payments are t cost of the annuity? per year for as long as he lives. Later this year Harold will recover the axed after Harold has recovered the Harod will continue to apply the annuity exclusio of each annuity payment inciudible in gross income. the annuit ratio to determine the amount Haroid will include the entire amount of each annuity payment in gross income The entire amount of each annuity payment is excluded from gross income after Haroid must request that the IRS calculate his exclusion ratio based upon a revised after he recovers the cost of the annuity. Harold recovers his cost of the annuity. ife expectancy OAll of these

The correct option for Harold to do after he has received the cost of the annuity is to include the entire amount of each annuity payment in gross income

Explanation:

As the cost of the annuity has been received by  Harold and whatever he is receiving afterwards is the income. Thus he will include the complete value in the gross income and the taxes will be calculated accordingly.

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.