Question: Effective January 1 , 2 0 x 4 , Taxpayer purchased an annuity for $ 1 0 0 , 0 0 0 , the terms

Effective January 1,20x4, Taxpayer purchased an annuity for $100,000, the terms of which provide for payments to her of $13,600 annually for ten years. How much, if any, of the $13,600 received in 20x8 should Taxpayer recognize as income on her 20x8 federal income tax return?
A. $3,600
B. $13,600
C. $0
D. $10,000
E. None of the above

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