In 1992, When Sherry Was 56 Years Old with an Additional

question 25

Multiple Choice

In 1992, when Sherry was 56 years old with an additional life expectancy of 20 years, she purchased a single life annuity for $200,000 that was to pay her $15,000 per year for life starting in 1995.Sherry just received her $15,000 payment for 2019.How much of the $15,000 must Sherry include in income?

• A)0
• B)$5,000
• C)$10,000
• D)$15,000

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Definitions:

Inspirational Appeals

A leadership approach that seeks to motivate others by appealing to their emotions and values.

Resistance

Refers to the opposition or pushback encountered when attempting to implement changes or introduce new ideas within an organization or group.

Compliance

The act of conforming to a rule, standard, or law.

Adherence

The commitment to follow a prescribed set of rules or medication treatment.