Julia,age 57,purchases an Annuity for $33,600

question 22

Multiple Choice

Julia,age 57,purchases an annuity for $33,600.Julia will receive $400 per month for the rest of her life.The expected return multiple is 20.0.At age 88,the amount that Julia may exclude from income is

• A)$0.
• B)$1,680.
• C)$3,120.
• D)$4,800.

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Definitions:

Starchy Vegetables

Vegetables that are high in starch content, such as potatoes, corn, and peas, providing energy primarily in the form of carbohydrates.

Legumes

A group of plants including beans, peas, and lentils, known for their high protein and fiber content, and beneficial for heart health and weight management.

Healthy Snack

A nutritious food option consumed between meals that contributes to overall health and satisfies hunger, often including fruits, vegetables, whole grains, or nuts.

Potato Chips

Thin slices of potato that are either deep fried or baked until crispy, often seasoned and served as a snack.