Lucy, age 68, retires and receives a $1,500 per month annuity from her employer's qualified pension plan at Pinnacle Industries. Lucy made $90,000 of after-tax contributions to the plan before retirement. Under the simplified method, Lucy's number anticipated payments is 210. of What is the amount includible in income in the first year of withdrawals assuming 12 monthly payments?
Lucy, age 68, retires and receives a $1,500 per month annuity from her employer's qualified pension plan at Pinnacle Industries. Lucy made $90,000 of after-tax contributions to the plan before retirement. Under the simplified method, Lucy's number anticipated payments is 210. of What is the amount includible in income in the first year of withdrawals assuming 12 monthly payments?
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 13P
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Transcribed Image Text:Lucy, age 68, retires and receives a $1,500
per month annuity from her employer's
qualified pension plan at Pinnacle Industries.
Lucy made $90,000 of after-tax contributions
to the plan before retirement. Under the
simplified method, Lucy's number
anticipated payments is 210.
of
What is the amount includible in income in the
first year of withdrawals assuming 12 monthly
payments?
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