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:

Horizontal Axis

In a graph or chart, the horizontal axis is typically the x-axis, representing the independent variable or the basis for measuring changes or comparisons.

SBU

Strategic Business Unit; a semi-autonomous segment of a larger business or organization that operates as an independent entity.

BCG Business Portfolio

A matrix developed by the Boston Consulting Group that helps companies analyze their business units or product lines based on market growth rate and market share.

SBUs

Strategic Business Units, which are divisions or units within a company that focus on specific market segments or product lines, operating with their own planning and profit goals.