Lucy, a 57-year-old widow, lost her husband in 2021. He was an active participant in the Federal
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Lucy, a 57-year-old widow, lost her husband in 2021. He was an active participant in the Federal Employees' Retirement System (FERS), and his FERS contributions totaled $27,000 at the time of his death. Lucy is entitled to receive a survivor annuity. She is also entitled to receive a special FERS death benefit of $17,000, which she elected to receive in a lump sum in 2021. How much of the lump-sum death payment is taxable?
$0
$9,000
$10,000
$17,000
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