The next column contains a simplified annuity table for employee annuity contracts that start after November...

  

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The next column contains a simplified annuity table for employee annuity contracts that start after November 18, 1996. Age of Primary Annuitant on Number of the Annuity Starting Date Anticipated Payments 55 and under 360 56-60 310 61-65 260 66-70 210 71 and over 160 (Refers to Fact Pattern 1) Mr. Kitten, age 72, will be receiving an annuity through his employer. His contribution to the annuity is $80,000. He is to receive $1,500 per month starting April 1 of the current year and continuing for life. Mr. Kitten's reportable annuity income for the current year is $4.500 $9,000 $12.000 $13.500 The next column contains a simplified annuity table for employee annuity contracts that start after November 18, 1996. Age of Primary Annuitant on Number of the Annuity Starting Date Anticipated Payments 55 and under 360 56-60 310 61-65 260 66-70 210 71 and over 160 (Refers to Fact Pattern 1) Mr. Kitten, age 72, will be receiving an annuity through his employer. His contribution to the annuity is $80,000. He is to receive $1,500 per month starting April 1 of the current year and continuing for life. Mr. Kitten's reportable annuity income for the current year is $4.500 $9,000 $12.000 $13.500

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Solution Answer 9000 Total Contribution to annuity 80000 Total anticpa... View the full answer