Ginger purchased a single-premium deferred annuity twenty years ago at age 45. She used $60,000 of after-tax funds she had accumulated over fifteen years. At age 65, she decides to annuitize over her single life expectancy (expected to be 20 years). Her annuity payment equals $750 per month. Her expected total payments are for 240 months. Which of the following statements is correct? a. One-third of her payments will be treated as taxable.
b. If she lives beyond the 240 months, she will continue to have a portion of her payments consist of non-taxed benefits.
c. In the event that she dies prior to 20 years, she can claim a miscellaneous itemized income tax deduction for the unrecovered basis.
d. If she dies before her full 20 years of payments, her gross estate will include the present value of the payments for the remaining period of time up to the 20 years.

An employer who is considering hiring eva has asked donna, eva’s former supervisor, for a report on eva. in truth, eva’s work for donna has been only average. however, eva is donna’s friend, and donna knows that eva probably will not get the job if she says anything negative about eva, and donna knows that eva desperately needs the job. further, donna knows that if the situation were reversed, she would not want eva to mention her deficiencies. nevertheless, it has been donna’s policy to reveal the deficiencies of employees when she has been asked for references by employers, and she knows that some of eva’s faults may be bothersome to this particular employer. finally, this employer has leveled with donna in the past when donna has asked for a report on people who have worked for him. should donna reveal deficiencies in eva’s past performance? (remember to use one of the three moral theories acceptable for this test to solve this dilemma. any discussion of any personal opinion, religious perspective, or theory other than the moral theories acceptable for this test will result in a score of "0" for this question.)