Hunter Retired Last Year and Will Receive Annuity Payments for Life

question 144

Multiple Choice

Hunter retired last year and will receive annuity payments for life from his employer's qualified retirement plan of $30,000 per year starting this year.During his years of employment,Hunter contributed $130,000 to the plan.Based on IRS tables,his life expectancy is 260 months.All of the contributions were on a pre-tax basis.This year,Hunter will include what amount in income?

• A)$0
• B)$6,000
• C)$24,000
• D)$30,000

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Definitions:

Religious Practices

Rituals, ceremonies, and behaviors associated with the expression of belief in and reverence for a divine power or powers.

ECT

Electroconvulsive Therapy, a psychiatric treatment in which seizures are electrically induced in patients to provide relief from mental disorders.

Neurotransmitters

Chemicals that transmit signals across a synapse from one neuron to another in the brain, influencing various functions and moods.

Mental Health

Mental health refers to a person's cognitive, behavioral, and emotional well-being; it's about how individuals think, feel, and behave.