George Purchased a Life Annuity for $3,200 That Will Provide

George purchased a life annuity for $3,200 that will provide him $80 monthly payments for as long as he lives. Based on IRS tables, George's life expectancy is 100 months. How much of the first $80 payment will George include in his gross income?

A) $80
B) $72
C) $48
D) $32
E) None of the choices are correct.