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Author Question: Lily had the following income and losses during the current year: What is Lily's adjusted gross income? (Read 94 times)

londonang

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Question 1

Julia, age 57, purchases an annuity for $33,600. Julia will receive $400 per month for the rest of her life. The expected return multiple is 20.0. At age 88, the amount that Julia may exclude from income is
◦ $0.
◦ $1,680.
◦ $3,120.
◦ $4,800.

Question 2

Lily had the following income and losses during the current year:



What is Lily's adjusted gross income?
◦ $135,000
◦ $143,000
◦ $165,000
◦ $173,000


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Marked as best answer by londonang on Sep 13, 2020

Harbringer

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londonang

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Reply 2 on: Sep 13, 2020
Excellent


phuda

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Reply 3 on: Yesterday
Gracias!

 

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