Remaining Time: 1 hour, 19 minutes, 08 seconds. Question Completion Status: A capital asset is defined as an asset: Not specifically listed as an ordinary asset in the Internal Revenue Code Specifically listed as a capital asset in the Internal Revenue Code Real estate assets only Tangible personalty only None of the above QUESTION 16 Ellen begins to receive an annuity for life of $5,000 per month starting on January 1, 2010. Ellen's life expectancy on that date is 15 years. Ellen had paid $300,000 for the annuity. In 2019 Ellen will report income from the annuity of Zero 20,000 40,000 60,000 None of the above QUESTION 17 Intel gives Sam an academic scholarship, which it awards based on high school academic performance, that pays $50,000 tuition, S600 books, and 20,000 room and board. As a result Sam has gross income of $70,600 520,600 $20,000 Zero Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Awers v O