Question: 31. Frank bought a nonqualified temporary variable annuity for $100,000, providing periodic payments for ten years. If payments are $15,000 annually, how much of

31. Frank bought a nonqualified temporary variable annuity for $100,000, providing periodic payments for ten years. If payments are $15,000 annually, how much of each payment is excluded from his income for tax purposes? a. $0 Ob. $15,000 c. $5,000 Od. $10,000

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