A expects to earn 10000 in the first year a receives 6000


Question - A buys an annuity for $50,000. Over the life of the annuity, A expects to earn $10,000. In the first year a receives $6,000 from the annuity. How much is taxable.

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Accounting Basics: A expects to earn 10000 in the first year a receives 6000
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