How much of that payment was taxable, Accounting Basics

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How much of that payment was taxable

Question: An individual contributed $50,000 to her nonqualified annuity, and when she annuitized the policy, the insurance company determined that, based on her life expectancy, she will receive $100,000 in payments. If her initial monthly payment was $1,000, how much of that payment was taxable? A Cannot be determined from the information provided B $0 C $500 D $1,000

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