Anne, age 58, purchases an annuity for 33,600. Anne will receive 400 per month for the rest of her life. The expected return multiple is 20.0. At age 65, the amount that Anne may exclude from income is?© BrainMass Inc. brainmass.com June 3, 2020, 7:40 pm ad1c9bdddf
This brief solution contains a calculation determining the amount Anne may exclude from income.