Sam Retired Last Year and Will Receive Annuity Payments for Life

question 49

Multiple Choice

Sam 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,Sam contributed $130,000 to the plan on an after-tax basis.Based on IRS tables,his life expectancy is 260 months.This year,Sam will include what amount in income?

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

Identify the primary sectors where union membership is most prevalent.

Know the legislative framework governing unions and their activities.

Recognize job roles and duties within unions, including representation and negotiation.

Understand the impact of unionization on employment conditions and employer decisions.

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Definitions:

Social Skills

The abilities necessary to interact and communicate effectively with others in various social situations.

Peers

Individuals who are of approximately the same age or stage of development, often influencing social and cognitive behaviors.

Early Friendships

Relationships formed between young children, playing a crucial role in social development and emotional well-being.

Stable

Characterized by constancy, lack of change, and resistance to disruption over time.