Jacob purchased a non-qualified annuity in 2005 for $60,000 that is to pay him $4,000...
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Accounting
Jacob purchased a non-qualified annuity in 2005 for $60,000 that is to pay him $4,000 per year for the remainder of his life. In 2005 Jacobs life expectancy was 20 years. How much does Jacob report as income in 2019 from his annuity payment?
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