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:

Contingent Reward

A form of motivation in which the reward is given based on achieving a predefined outcome or performance level.

Bass

Refers to Bernard M. Bass, a prominent researcher in the field of leadership, known for his work on transformational leadership.

Charisma

is a compelling attractiveness or charm that can inspire devotion in others.

Unconventional Behavior

Refers to actions or behaviors that deviate from society's norms or expectations.