On October 1,2002 Mandeep purchased an annuity for $50,000. On the date of...

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Accounting

On October 1,2002 Mandeep purchased an annuity for $50,000. On the date
of his 65th birthday-October 1,2020-the annuity began making payments of
$1,000 per month for the Fest of his life. However, Mandeep died on September 30,
During 2024, Mandeep collected $9,000( $1,000 per month 9 months).
How much is Mandeep allowed to deduct on his 2024 income tax return?
a) $40,000
b) $9,000
c) $10,000
d) $35,000
o) $5000
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