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On April 1, 2018, Martha, Age 67, Begins Receiving Payments

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On April 1, 2018, Martha, age 67, begins receiving payments of $3,000 monthly from her employer's qualified retirement plan. She had contributed $90,000 to the plan in after- tax dollars. The anticipated number of payments is 210. Using the simplified method, how much of the payments are taxable in 2018?


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