A64-year-old taxpayer retires this year and receives the first payment on an annuity that was purchased several years ago. the taxpayer’s investment in the annuity is $97,500, and the annuity pays $1,000 per month for the remainder of the taxpayer’s life. based on irs mortality tables, the taxpayer is expected to live another 20 years. if the taxpayer receives $4,000 in annuity payments in the current year, the nontaxable portion calculated using the simplified method is:

(a) 0
(b) $1,500
(c) $1,400
(d) $4,000
(e) none of above

Jake and janelle loved to prepare gourmet meals for friends and family. they started a business of preparing theme-type dinners for friends who were having parties. to generate even more interest in the business, janelle created on her website. she posted pictures of events, and close-ups of the food they served. she encouraged patrons and others to post reviews, comments, and favorite recipes, and to share their own party ideas. her promotion became a dialogue between buyers of her service and the business. interactive promotion infomercials product placement broadcast