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  3. investment. a. if betty collects $3,000 in 2024,

investment. a. If Betty collects $3,000 in 2024, her gross income is $630(0.03$21,000). ...

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Accounting

investment.
a. If Betty collects $3,000 in 2024, her gross income is $630(0.03$21,000).
b. If Betty lives to collect more than 96 payments, all of the amounts collected after the 96 th payment must be included in taxable income. q,
c. If Betty lives to collect only 60 payments before her death, she will report a $6,000 loss from the annuity $24,000-(60$300)=$6,000 on her final return.
d. Betty has no.gross income until she has collected $24,000.
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