![josuemarquezz27](/avatars/43196.jpg)
josuemarquezz27
29.10.2020 •
Business
George purchased a life annuity for $2,000 that will provide him $50 monthly payments for as long as he lives. Based on IRS tables, George's life expectancy is 100 months. How much of the first $50 payment will George include in his gross income
Solved
Show answers
More tips
- A Animals and plants Unraveling the Mystery of Loch Ness: What Does the Loch Ness Monster Look Like?...
- L Leisure and Entertainment Should You Buy a Ceramic Knife?...
- C Computers and Internet How to easily and quickly disable Firebug in Gmail and Google Docs...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
Answers on questions: Business
- M Mathematics -8 |5n| - 4 = -4 y and x...
- C Computers and Technology Rewrite the following math expression as a computer programmer. ( Javascript )...
- B Biology Psychiatrists are testing the effectiveness of a proposed ADHD medicine. They recruit parents who are willing to allow their child to be a part of the clinical tests. All of the children...
- M Mathematics The fraction 11 of 9 lies between...
- S Social Studies Explain and evaluate what david hume means by saying that we have no evidence of the self....
Ответ:
The amount included in his gross income is $30
Explanation:
The computation of the amount included in his gross income is shown below:
The Amount to be involved in gross income is
= First amount - (purchase value of a life annuity ÷ expectancy life)
= $50 - ($2,000 ÷ 100)
= $50 - $20
= $30
Hence, the amount included in his gross income is $30
We simply applied the above formula so that the correct amount could come
Ответ:
the crow judges each couples relationship
Explanation:apex :)