jose age 68, retires and receives $1,600 per month from his employer's qualified pension plan. jose...
Homework Answers
a. $1,600
Amount received per month = $1,600
Contribution made by J = $84,000
Life expectancy = 18 years
There is no interest rate provided. Thus, the J would report $1,600 of the payment in income each month.
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jose age 68, retires and receives $1,600 per month from his
employer's qualified pension plan. jose...
9. Ed, age 67, retires and receives a $1,300 per month annuity from his employer's qualified...
9. Ed, age 67, retires and receives a $1,300 per month annuity from his employer's qualified pension plan. Ed contributed $84,000 to the plan prior to his retirement Ed would report how much of the annuity in income each month? a. $ 900 b. $ 950 c. $1,300 d. $ 400 e. None of the above
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