subject
Business, 02.06.2021 20:30 bri9263

Anne purchased an annuity from an insurance company that promised to pay her $20,000 per year for the next 10 years. Anne paid $145,000 for the annuity, and in exchange she will receive $200,000 over the term of the annuity. a) How much of the first $20,000 payment should Anne include in gross income?b) How much income will Anne recognize over the term of the annuity?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 18:10
Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?
Answers: 1
question
Business, 22.06.2019 19:40
You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?
Answers: 3
question
Business, 23.06.2019 04:40
Why is job security of such importance to workers?
Answers: 1
question
Business, 23.06.2019 04:50
Can someone me with general journal entry on this? ?
Answers: 3
You know the right answer?
Anne purchased an annuity from an insurance company that promised to pay her $20,000 per year for th...
Questions
question
Chemistry, 02.07.2020 22:01
question
Mathematics, 02.07.2020 22:01
question
Mathematics, 02.07.2020 22:01
question
Mathematics, 02.07.2020 22:01
Questions on the website: 13722362