Multiple Choice
Wilma purchased an annuity policy for $100,000 that will pay her $10,000 per year for life beginning on her 60th birthday in 5 years.At 60, her life expectancy is 25 years.How much of each annual payment can Wilma exclude from income?
A) 0
B) $4,000
C) $6,000
D) $10,000
Correct Answer:
Verified
Correct Answer:
Verified
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