On september 23 2013 mary jones bought an annuity contract, Financial Accounting

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On september 23 2013 mary jones bought an annuity contract

On September 23, 2013, Mary Jones bought an annuity contract for $22,050 that will give her $125 a month for life, beginning October 30. Mary is 61 years old. Determine the exclusion ratio and the amount of the annuity to be included in Mary Jones’s 2013 gross income.

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Financial Accounting: On september 23 2013 mary jones bought an annuity contract

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Financial Accounting: On september 23 2013 mary jones bought an annuity contract

Reference No:- TGS01665262

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